Employment Practices Liability Insurance in San Antonio, TX
As an employer, you are responsible for adhering to legal requirements and industry standards regarding equitable and fair working conditions among your workforce. However, despite your best efforts, there may still be times when an employee feels they were treated unfairly. In these situations, a lawsuit may be filed against your company. In such situations, having employment practices liability insurance (EPLI) can provide critical financial security.
What Is EPLI?
EPLI may be an integral component of loss control measures for most employers, regardless of size or industry. These policies may provide crucial financial assistance in response to employment practices liability claims, including for the following legal costs:
- Attorney fees
- Court costs
- Administrative costs
- Settlements
- Court-ordered judgments
The details of EPLI policies may vary, but well-rounded coverage is typically capable of covering the aforementioned expenses in response to many common allegations of wrongful workplace practices, such as the following:
- Harassment
- Discrimination
- Wrongful termination
- Retaliation
- Failure to promote
- Improper hiring practices
- Invasion of privacy
- Negligent evaluation
- Mismanagement of employee benefits
- Breach of employment contract
Who Needs EPLI?
All organizations that have employees should strongly consider purchasing and maintaining EPLI. Without adequate coverage, even a single remark taken out of context could lead to costly litigation and significant out-of-pocket costs. Innocence may not even matter, as your organization may lack the resources to defend itself from claims adequately.
Get the Right Coverage
With decades of experience helping businesses, families and individuals in the San Antonio area address their coverage needs, the dedicated staff at the The McLoughlin Agency is well-equipped to help your company acquire and maintain the right EPLI policy. Contact us today to get started.