Understanding Employment Practices Liability Insurance (EPLI)
The topic of Employment Practice Liability is a top concern for all business owners. Statistics show that 10% of employers with under 500 employees are subjected to a workplace discrimination lawsuit, and on average, pay $160,000 in settlement costs and litigation fees. Having a financial back stop such as Employment Practices Liability Insurance (EPLI) is key to mitigating that type of exposure.
From mandatory Affordable Care Act notices to simple and complex HR questions, many companies rely on a single employee, who already wears many hats, to take on these duties. At times, these areas can be vague, but yet represents a high liability for companies. That's why it's important to team up with the right partner!
We have partnered up with BASIC, who has over 30 years of expertise in these areas offering HR On-Demand and ERISA Essential services to companies all over the U.S. Please join us for an informative webinar to help keep your company compliant!