You have read the headlines - the pandemic, the great resignation, social equality issues – all make employers vulnerable to employee lawsuits.

Win or lose, responding to those lawsuits can be expensive – and can damage the reputation of your business. That is why Rockwood Insurance pioneered the coverage you need to protect your clients – Employment Practices Liability Insurance (EPLI). With EPLI coverage your clients can have access to an attorney to advise them without exorbitant legal fees and financial protection for claims against them.

Your clients might not think they need EPLI. That is “it can’t happen to me” thinking – and it is a mistake.

• The coverage is not expensive. It is a tax deductible business expense. And, if clients ever need it, it can save you many more thousands of dollars than it costs.
• Between 2020-2022, more than 5,000 lawsuits were filed against employers including for return-to-office issues and vaccine requirements.
• Changes in federal law has changed how #MeToo cases against employers are treated in court.
• Employee turnover due to “The Great Resignation” is predicted to lead to increased employee-employer litigation.
• 6 out of 10 businesses falsely believe EPLI claims are covered under their general liability policy.
• The average cost of settling out of court for an employment claim is $75,000. The average jury award for an employment-related case is $217,000.

Whether your clients are an established business, a California-based business facing tough employment laws, or a first-time EPLI buyer, Rockwood has a program designed for them.

Employment Practices Liability Insurance: Rockwood’s EPLI policy shields employers – plus all current, former and prospective employees, directors and officers, even the corporate entity – against a broad spectrum of employment-related claims. It provides defense and indemnity protection against claims arising from the employer/ employee relationship. (more details)

California-domiciled businesses: Rockwood Programs has developed “Essential EPLI” – a policy customized to address the unique liability exposures faced by California-domiciled businesses. California employment-related laws favor employees, making it difficult time to obtain EPLI coverage. The policy is designed to primarily offer legal defense only. A sub-limit of indemnity coverage is included to handle nuisance claims. (more details)

First Time EPLI Buyer Program: Employment-related lawsuits are not only brought against Fortune 500 companies. Smaller firms can be targeted as well – and the consequences of not having proper coverage can be financially devastating. Remember that even baseless or frivolous actions must be defended against. Rockwood now offers a cost-effective EPLI product for companies with up to 12 employees. (more details)

To learn more, read more details about our EPLI programs. Or, Get A Quote today! For even more protection for your business, consider our Cyber Insurance and Miscellaneous Professional Liability (MPL) coverage.

 

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