Employee Practices Liability Insurance (EPLI) in Cary and Raleigh, NC
Safeguarding Employers in North Carolina and the Surrounding Region from Loss
Owning and operating a business is hard work. It takes patience to properly manage the production of goods alongside the success of employees. Business owners understand this challenge; however, at times the burden becomes too much to bare.
Claims made by employees regarding sexual harassment, discrimination, or wrongful termination are real and costly issues – regardless of the business’ size and scope. At Insurance Professionals (Inspro), we recognize the exposures employers in North Carolina and surrounding states face. This acknowledgment led to the development of our employment practices liability insurance (EPLI) package.
Employment Practices Liability Insurance (EPLI) Coverage Details
EPLI protection may be written as a portion of a business owners policy (BOP) or offered as a stand-alone selection. This coverage kicks into action when a legal claim is made against the insured company. Ultimately, it provides reimbursement for the cost of defending policyholders against court costs, judgements, and settlements related to the lawsuit. Compensation is provided for legal costs, regardless of the outcome of the lawsuit.
As an independent insurance agency, Inspro focuses on the needs of each business served. We fulfill this promise by shopping for coverage from a collection of national carriers. This ensures the policies written are backed by established, trustworthy insurance providers, but remain personalized for your business.
Agents begin our process by learning more about your business practices. We’ll formulate the level of EPLI protection necessary in partnership with you. This process is also advantageous for determining the cost of your policy or endorsement. The cost largely depends on the type of business insured, number of employees, and exposure to risk.
Agents at Inspro write customized EPLI solutions after coverage is matched with one of our carriers. The end goal is to create protection for claims such as:
· Sexual harassment
· Wrongful termination
· Breach of employment contract
· Negligent evaluation
· Failure to employ or promote
· Wrongful discipline
· Deprivation of career opportunity
· Wrongful infliction of emotional distress
· Mismanagement of employee benefit plans
Professionals Dedicated to Keeping Your Business Secure
We own and operate our business – just like you. We relate to sense of urgency involved in protecting a business from lawsuits, including those issued by staff members. Whether claims are meritless or legitimate, EPLI protection fails to waver.
Our agents guide clients each step of the way. This on-going service ensures businesses maintain operation throughout the litigation process. Don’t stop working, because we won’t stop working for you. If claims are held up by insurance providers, we’ll intervene. Our goal is for this complex procedure to be as seamless as possible.
- Information Regarding Employment Practices Liability Insurance (EPLI) (Insurance Information Institute (III))
- Employment Practices Liability Insurance (EPLI) Defined (The International Risk Management Institute (IRMI))
- Details and Materials for Employment Practices Liability Insurance (EPLI) (Businessinsure)
At Insurance Professionals, Inc. (Inspro), we’re proud to provide employment practices liability insurance (EPLI) in Cary, Raleigh, Greensboro, Charlotte, Wilmington, and Asheville, NC. We’re licensed to serve North Carolina, South Carolina, Virginia, Tennessee, and the surrounding states.