Why Should Businesses Consider Employment Practices Liability Insurance?

If you have employees, you are exposed to potential employment liability claims. Employees know their rights, and it is time for all employers to be more informed about how to protect their companies. There are many reasons why you need to make Employment Practices Liability Insurance (EPLI) part of your commercial insurance program.

EPLI covers the company and board

An EPLI policy covers claims made against directors, officers, employees, the company, and its subsidiaries. The policy can cover a long list of claims including wrongful dismissal/termination, sexual/racial/disability harassment, sexual/racial/disability/religious discrimination, employment related libel, slander, defamation and invasion of privacy, wrongful failure to employ or promote, and retaliation

Increased claims

It’s becoming harder to ignore the “me culture” which continues to gather momentum. Small and medium sized businesses saw the largest increase in employment practice liability claims in 2013; up 33% according to human resources experts. The average claim cost is over $150,000 and is growing yearly.

Company reputation

A company’s reputation in the marketplace can be severely damaged by employment practice claims. The negative publicity may be followed by potential reluctance of your clients and/or suppliers to trade with your company.

Free legal help

Most EPLI policies provide free legal resources for firms to use. You can call an attorney to help you through a tough issue.

Cost is very competitive

EPLI premiums are not as high as you might think. Premiums can run much less than the cost of defending just one occurrence.

We can design a specialized package according to your property, liability, and casualty needs. We are also proactive in identifying any factors that may increase your premiums or change your risk, and provide consulting and risk management options to protect your business. We are ready to help you better understand your risks. Please call our office today.

 

How To Reduce Slip And Fall Accidents At Your Business

Business Safety

Slip and fall accidents are some of the most common accidents you can have as a business owner. Slips, trips, and falls constitute the majority of general industry accidents. They cause 15% of all accidental deaths, and are second only to motor vehicles as a cause of fatalities. You have customers, clients, vendors, employees, and family members on your premises every day.  “Slip and fall” is a term used for a personal injury case in which a person slips or trips and is injured on someone else’s property. These cases usually fall under the broader category of cases known as “premises liability” claims.  Slip and fall accidents usually occur on property owned or maintained by someone else, and the property owner may be held legally responsible.

In order to recover damages for a slip and fall injury sustained on another’s property, there must be a responsible party whose negligence caused the injury. However, most business insurance policies have premises liability coverage which allows for claim payment without the need to prove liability.

Slip And Fall Prevention At Your Business

Maintain all walkways and common areas.

Use anti-skid adhesive tape in high traffic areas.

Display wet floor signs when appropriate.

Keep all work areas, passageways, storerooms, and service areas clean and orderly.

Have proper lighting in parking lots and entrances.

Keep walk ways free of ice, snow, or other items that might cause someone to slip.

Have a procedure to deal with spills and ensure spills are reported and cleaned up immediately.