EPLIDid you know that businesses are three times more likely to be sued by an employee than experience a fire?  In addition to that startling fact, 7 out of 10 businesses do not buy Employment Practices Liability Insurance (EPLI) because most of them believe they are already covered by their other insurance policies.  In particular this is an often the case for both Property Managers and Building Owners.   In a business where employee status can be gray and  where tenants may or may not be included under 3rd party coverage, exposures need to be correctly evaluated and addressed by the correct policy.

It is important to stress to clients that EPLI claims are not covered by their commercial general liability insurance.  Many EPLI claims result from scenarios that many employers will recognize such as wrongful termination, discrimination, breach of contract, sexual harassment, failure to promote and negligent evaluation.  While loss prevention measures can help avoid problems arising from employee-related practices, correct insurance coverage will minimize the effect of any oversight.

There is plenty of opportunity to sell this important coverage to your clients.  For more information please visit our website, www.NewEmpireGroup.com where you can now get EPLI quotes online!

Keep up to date with what’s new at New Empire Group, Ltd. by visiting our website, www.NewEmpireGroup.com or find us on Facebook, LinkedIn & Twitter!

Check out all of the great Insurance Programs for Condominium Insurance, Cooperative Insurance, Apartment Insurance and Property Manager’s Insurance that New Empire Group, Ltd. offers!

 

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