OREGON EMPLOYER PRACTICES LIABILITY INSURANCE
If you are an Oregon business that has employees you should consider Employer Practices Liability Insurance also known as EPLI. This insurance would cover your business against claims by workers that their legal rights as employees of the company have been violated. This type of coverage provides protection against many kinds of employee lawsuits, including claims of:
- Sexual harassment
- Discrimination
- Wrongful termination
- Breach of employment contract
- Negligent evaluation
- Failure to employ or promote
- Wrongful disciplinea
- Deprivation of career opportunity
- Wrongful infliction of emotional distress
- Mismanagement of employee benefit plans
- Employment Practices Liability covers not only actual but also alleged acts of discrimination, harassment, retaliation, wrongful termination and other similar acts
A few facts for you to consider of why this coverage is important for your business:
- 3 out of 5 employers are sued by former employees every year.
- Over 40% of Employer Practices Liability claims are against firms with fewer than 100 employees.
- The Equal Employment Opportunity Commission (EEOC) recorded nearly 76,000 charges in 2006 and obtained more than $274 million in settlements for claimants.
- The medium cost fo an EEOC lawsuit in 2006 exceeded $200,000.
- Gender discrimination, age discrimination and retaliation claims are on the rise and there are more women and "baby boomer" in the workplace than ever before.
- There is no Employer Practices Liability coverage under any other insurance policies such as General Liability.
