Employment Practices Liability Insurance Solutions
Companies large and small over the years have traversed a tougher regulatory landscape along with increased employee-related lawsuits alleging a hostile working environment, workplace discrimination, accusations of sexual harassment, and alleged wage theft. In fact, employee lawsuits have increased by 400% during the past 20 years, with wrongful termination suits ballooning to more than 260%. Moreover, the financial damage of employee lawsuits can be significant, with the cost of settling out of court averaging $75,000, and the average jury award at $217,000 when the case is litigated in court and the employer loses.* Even in the best companies, employees may feel they have been discriminated against, paid unfairly, harassed or simply made uncomfortable at work. Often, these circumstances lead to employee claims against the company, and monetary damages are sought.
The Rubin Group offers Employment Practices Liability Insurance (EPLI) to safeguard businesses against employment-related claims.