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Does Your Small Business Need Employment Practices Liability Insurance? - NCIA
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Does Your Small Business Need Employment Practices Liability Insurance?

Gavel, scales of justice and law books

Does Your Small Business Need Employment Practices Liability Insurance?


Large and small, all businesses have risks of claims relating to employment practices.

Despite your company only employing thirty people, your business is at risk of lawsuits from disgruntled employees. When employees sue, it’s typically over liability, race discrimination, and sexual harassment.

Workplace discrimination cases have soared over thirty-two percent in recent years, including suits related to race, gender, age bias, wrongful termination, and noncompliance with laws such as the Americans with Disabilities Act, Family and Medical Leave Act, Affordable Health Care Act, and more. No matter how well you run your business, a customer or employee can sue at any time.

Many small businesses don’t have the time, nor resources, to properly document employment decisions related to hiring, performance reviews, terminations, and more. As a result, the business is left exposed.

As a business owner, it’s important that you make sure to follow all legal guidelines surrounding employment practices. Buying a business insurance policy with employment practices liability coverage is a smart way to protect yourself financially when the unexpected happens. Should an employee or contractor sue you, your insurance will take effect to cover expenses, fees, and defense.

Employment practices liability insurance can protect your business against the following claims:

  • Discrimination
  • Sexual harassment
  • Negligent evaluation
  • Wrongful discipline
  • Unpaid interns
  • Unlawful infliction of emotional
  • Mismanagement of employee benefits plans

The cost of EPLI coverage depends on your type of business, the number of staff members that you have and various risk factors. Talk to your insurance agent at North Central Insurance to determine the most reliable insurance for your business in Elk River, Minnesota!

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