Kansas City Employment Practices Liability Insurance
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As an employer, how you treat your employees can significantly impact your organization’s culture and bottom line. Furthermore, legal requirements and industry standards may mandate that you cultivate certain conditions within your workplace that ensure equity and fairness. With that in mind, an employment practices liability insurance (EPLI) policy may prove to be an invaluable investment.
What Is EPLI?
EPLI is an integral component of most companies’ insurance portfolios. Regardless of the size of your workforce or your company’s commitment to treating its employees well, employment practices liability lawsuits may still eventually affect you. Even false accusations of which you are ultimately absolved may incur significant costs as you work to clear your name.
Fortunately, an adequate EPLI policy can provide critical financial assistance to help pay for your legal representation, court costs, settlements and judgments, including in response to the following allegations:
Why Do I Need EPLI?
Any organization that employs workers should highly prioritize an adequate EPLI policy. Even organizations that take equality and fair treatment of employees seriously may eventually face accusations of unjust actions or inappropriate workplace practices. A single miscommunication or misinterpretation could lead to serious accusations and dire financial ramifications.
- Wrongful termination
- Failure to promote
- Improper hiring practices
- Negligent evaluation
- Breach of employment contract
- Mismanagement of employee benefits
- Invasion of privacy
Furthermore, employment practices liability claims may be filed by current, former and prospective employees, meaning that costly lawsuits could arise from accusers at any stage of the employment process. Given these stakes, your organization must prioritize suitable coverage to limit potentially devastating out-of-pocket financial consequences.
Get the Right Coverage
With over 20 years of service to the Kansas City areas, the staff at Auto Insurance Discounters is well-equipped to help your business acquire and maintain an EPLI policy capable of securing its finances and future. Contact us today to get started.