Employer’s liability insurance the complicated world of business, cool insuring arena where knowing the law is just as important as keeping the books balanced, small business owners often feel at ease when they talk about insurance topics they are familiar with, like workers’ compensation. Employment Practices Liability Insurance (EPLI), on the other hand, is a very important player in the insurance game that needs your attention. Read this blog post to learn more about EPLI, including why it’s important, how Brashears & Newendorp can help, and some common misconceptions about it.
What is insurance for employment practices?
Employment Practices Liability Insurance (EPLI) may sound like a lot of words, but for business owners, it protects them from the financial pressures that come with unplanned claims linked to their employees. Even though EPLI covers a lot of different cases, we’ll get to the heart of the problems that businesses face today.
Imagine that you own a small business and have workers’ compensation insurance in case someone gets hurt on the job. But what about the legal mess that comes with problems at work? This is where EPLI comes in. It becomes your friend as you deal with the complicated claims of everything from sexual harassment and discrimination to wrongful firing.
What’s the Difference Between Workers’ Compensation and EPLI?
Employer’s liability insurance common mistake is that workers’ compensation midvale insurance can handle claims about unfair labor practices without any problems. It’s usually easy for small business owners to decide to get workers’ compensation insurance. It keeps people from getting confused about their money after accidents at work and is in line with state rules that require it. Workers’ compensation, my insurance manager on the other hand, covers injuries and illnesses that happen on the job. EPLI, on the other hand, is designed to handle claims where an employee says their rights were violated, such as sexual harassment, discrimination, defamation, retaliation, wrongful termination or demotion, and bad management of benefits.
Why should I care Employer’s liability insurance?
Employer’s liability insurance One thing that is always changing in the legal world is that workers can make claims against any business owner. Assuming that workers will never fight is the second false belief that you should avoid. The truth is that any business, no matter how big or small, can be sued if the right safety measures are not taken. Employer’s liability insurance you have EPLI, you won’t have to worry about the financial strains of going to court.
Employer’s liability insurance Brashears & Newendorp Insurance, we tell small business owners that EPLI is a smart way to invest in the long-term success of their company. Treating workers properly midvale insurance all the time helps lower risk, but it doesn’t get rid of the need for insurance. Our committed team will help you take the necessary steps to protect your business from legal uncertainty. Let EPLI be your most important partner in managing possible risks and making sure the longevity of your business.
Let’s talk about how our synced method to insurance can help this year’s covering for your business!
