(NEENAH, Wisc.) - How can a family-owned business become fertile ground for an age-discrimination lawsuit? When do jokes make a workplace hostile? Can you fire an employee for poor performance, even if she’s pregnant? What happens if the employee you let go due to a drop in revenue sues you for racial discrimination?
These are just a few of the issues that employers of all sizes face in today’s litigious environment. In response to the rising number of employment practices claims and awards, Jewelers Mutual Insurance Company has added Employment Practices Liability Insurance (EPLI) to its product portfolio for businesses in the United States.
“Many small business owners don’t realize they’re at risk for these types of claims,” said Jeff Mills, vice president of Commercial Lines Operations. “Yet, awards for employment claims rose 26% in 2007 to $345 million in the United States. With involuntary terminations and layoffs being two of the biggest triggers for claims, this affordable coverage provides our policyholders some security during these uncertain times.”
Available as an endorsement to the company’s Businessowners Policy, EPLI covers claims resulting from employment-related offenses such as work-related harassment, including sexual harassment; wrongful termination, including retaliatory or constructive discharge; wrongful failure to hire, promote or grant tenure; intentional infliction of emotional distress; and more.
While insurance can help protect a business’ financial position, this new product will encourage prevention by providing policyholders free access to:
- WorkplaceRiskSolutions.com, an online resource that offers up-to-date information, education, loss prevention and management training on best employment practices. The online resource offers sample human resource policies, a model employee handbook, and other ready-to-use resources. This web site is administered by The McCalmon Group, an authority in employment practices.
- Legal telephone hotline by Jackson Lewis, LLP, a nationally recognized law firm specializing in employment law. Employment law attorneys staff the telephone hotline to answer questions about employment law and best employment practices.
EPLI coverage highlights
- Coverage limits: Coverage limits range from $100,000 to $1,000,000 each claim/policy aggregate.
- Premium: Premium is based on the number of full-time-equivalent employees (excluding the owners and partners), location, coverage limit, and deductible.
For additional information about this affordable new coverage, please contact Jewelers Mutual at 800-558-6411.