Call Us (248) 347-3630 ☰ ˟
Manage Policy Refer A Friend
TDA Insurance & Financial LLC
(248) 347-3630
  • HOME
  • PRODUCTS
    • Automobile
    • Bonds
    • Business & Commercial
    • Contractors
    • Dental
    • Fitness Centers & Health Clubs
    • Flood
    • Group Health
    • Individual Health
    • Homeowners
    • Home Health Care
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Restaurant
    • Technology
    • Vision
    • Watercraft & Boat
  • CUSTOMER SERVICE
    • Customer Service
    • Report A Claim
  • BLOG
  • PAYMENT
  • RESOURCES
    • Refer a Friend
    • Partners Page
    • Insurance Companies
    • Insurance Glossary
    • Charities
  • Michigan Auto Reform
    • Michigan Auto Reform
    • Special Circumstances
    • Motorcycle Rules
    • Medicare Opt Out
    • Health Insurance Opt Out
    • PIP Choice Options
    • PIP Choice Flow Chart
    • Forms
  • ABOUT
    • About Us
    • Our Locations
    • Walled Lake
    • Novi
    • Employee Directory
    • Privacy Policy
    • Testimonials
  • CONTACT
    • Contact Us
    • Join Our Newsletter
Home > Blog > The Importance of Employment Practices Liability Insurance (EPLI)
TUESDAY, FEBRUARY 9, 2021

The Importance of Employment Practices Liability Insurance (EPLI)

Employment Practices Liability Insurance 

Employment Practices Liability Insurance (EPLI), covers wrongful acts arising from the employment process. The most frequent types of claims covered under EPLI are:

  • Wrongful termination
  • Discrimination
  • Sexual harassment
  • Retaliation
  • Defamation
  • Invasion of privacy
  • Failure to promote
  • Deprivation of a career opportunity
  • Negligent evaluation

This coverage is not covered on your normal general liability policy unless added by endorsement, but is more important than ever in today’s workplace culture.

According to Sara East's Employment Practices Liability Insurance (Even Good Employers Get Sued: The Cost of Not Having EPLI Insurance):

"Over the last 20 years, employee lawsuits have risen roughly 400%, with wrongful termination suits jumping up more than 260%. Oddly enough, you are more likely to be sued by an employee these days than to have a fire at your facility. It’s not just large corporations that are being hit. Roughly 41.5% of employee lawsuits are brought against private companies with less than 100 employees. The financial damage of employee lawsuits can be dramatic. The cost of settling out of court averages $75,000, and the average jury award hits $217,000 if you go to court and lose."

The numbers don't lie, the odds of an employee bringing a lawsuit against your business is much more likely than it has been in the past. Make sure to review your current business insurance policies with a licensed insurance agent and be sure to have adequate employment practices liability limits to cover your increased exposure. If you need help from a professional, give our team at TDA Insurance & Financial in Walled Lake a call today! 

Posted 6:04 PM

Tags: employment practices liability insurance michigan, oakland county epli coverage, employment practices liability insurance novi, employment lawsuits michigan, employee lawsuits michigan, insurance for employee lawsuits michigan
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018

  • insurance(13)
  • dan diederich(8)
  • michigan(8)
  • employees(7)
  • auto insurance(7)
  • walled lake(4)
  • community(4)
  • tda insurance(3)
  • personal injury protection(3)
  • sherry diederich(3)
  • tda(2)
  • homeowners(2)
  • new team member(2)
  • insurance reform news(2)
  • chamber event(2)
  • auto insurance reform(2)
  • flood insurance(2)
  • matt diederich(2)
  • homeowners insurance(2)
  • home insurance(2)
  • chamber of commerce(2)
  • happy birthday(2)
  • reform(2)
  • business insurance(2)
  • pip insurance(2)
  • covid-19(1)
  • when will i get auto insurance refund michigan?(1)
  • michigan home insurance(1)
  • business(1)
  • liability exposure(1)
  • workers compensation(1)
  • csr24(1)
  • child fire safety(1)
  • life insurance(1)
  • requirements(1)
  • oakland county epli coverage(1)
  • employment practices liability insurance novi(1)
  • self defense coverage(1)
  • personal umbrella policy(1)
  • halloween safety(1)
  • oakland county home insurance(1)
  • frozen pipes(1)
  • home(1)
  • disability insurance(1)
  • local agent(1)
  • online business(1)
  • tda insurance chamber event(1)
  • gun insurance(1)
  • ice dam prevention(1)
  • auto insurance near me(1)

View Mobile Version
Facebook
Twitter
Google
LinkedIn
Get Directions
Contact Us Today
Resources
Home
Products
Customer Service
Payment Options
News
About Us
Refer A Friend
Our Carriers
Blog
Contact Us
Contact us 246 Liberty St.
Walled Lake, MI 48390


BBB
Trusted Choice
© Copyright. All rights reserved. Powered by Insurance Website Builder.