EMPLOYMENT PRACTICES LIABILITY by LGlasser

VIEWS: 7 PAGES: 1

									KRAUTER & COMPANY
                                                       P r o d uc t s
                                                   EMPLOYMENT PRACTICES LIABILITY

   UNDERSTANDING EMPLOYMENT PRACTICES LIABILITY

   Employment Practices Liability Insurance is needed as soon as you start to hire
   employees. Most investors and directors will require that you carry this coverage as part
   of your Directors and Officers Liability insurance since they can also be held liable in
   suits relating to employment practices.

   Since 2000, the number of employees alleging discrimination, wrongful termination,
   sexual harassment and retaliation has increased. EPLI policies shield employers from
   claims of harassment, discrimination, failure to hire, wrongful termination, and
   includes all current, former, and prospective employees, directors and officers, even the
   corporate entity.

   The cost of EPLI coverage varies on your type of business, the number of employees you
   have and various risk factors such as whether your company has been sued over
   employment practices in the past. Such lawsuits, which range in size and scope, have
   been spawned by several factors:
          Professional plaintiffs' bars' eagerness to sue employers for employment-related
          issues
          Laws expanding employees' rights in the workplace opening the way for new
          “causes of action” to be brought against employers, plus broader rights of
          recovery
          Increased third-party litigation brought by customers, consumers and clients
          seeking legal recourse for alleged discrimination or harassment
          Directors and officers named for their role in day-to-day operations

   WHY KRAUTER EMPLOYMENT PRACTICES LIABILITY ?

   Krauter & Company can help you take steps to prevent employee related lawsuits, and
   educate your managers and employees to minimize the occurrence for such issues in
   the workplace. Regardless of your business type or the effective employment practices
   and procedures, you are still vulnerable to employment- related liabilities. Therefore, it
   is important to create effective hiring and screening programs to avoid discrimination in
   hiring.

   MORE INFORMATION? CONTACT US.

   For more information about Krauter & Company’s EPL capabilities and professionals,
   send your request to: info@krautergroup.com.

								
To top