Employment Practices Liability Insurance

Jim Freyer of Haylor Freyer & Coon is pleased to announce the availability of Employment Practices Liability Insurance (EPLI) for the manufactured housing retailer or community owner with fewer than 50 employees. Up until now, this type of insurance was available for large employers (100+ employees) and had very high deductibles and substantial premiums.

Because these are litigious times it is more important today to take steps that limit your Employment Practices Liability exposure. Employees are increasingly seeking legal action for real or perceived workplace injustices – the most common being sexual harassment, job discrimination or wrongful termination.

All businesses regardless of size have employment practices liability exposures and should consider these shocking statistics:
Employment related lawsuits now comprise one out of every 12 federal court cases.
More than 50% of employment related claims are brought against companies with fewer than 100 employees.
Approximately 75% of employment related claims are found to be groundless, but only after the employer has gone through significant defense dollars to prove it.
81% of claims settled in arbitration or in administrative hearings cost employers $22,000 - $40,000 on average.

Jim Freyer states “This has been an exposure of the small employer that really had no easy insurance solution for because of the high deductibles and minimum premiums of over $1,500. There is now an EPLI insurance product that is affordable and available for the typical manufactured housing retailer and community owner. There is the availability to also offer Third Party Liability coverage endorsement which responds to claims brought by non-employee customers or vendors.”

We have the availability to add this coverage to your package renewal policy, so please contact our office to request and learn more about the coverage.