Employment Practices Liability (EPL) insurance protects you against the increasing risk of claims from employees, former employees, potential employees and regulators. Defending against allegations of wrongful termination, discrimination, or harassment can be very expensive and time-consuming.
Statistics show that some jurisdictions in the U.S. are especially problematic for employers from an EPL litigation perspective. As laws vary from state to state, it is important for companies and organizations to understand the local environment in which they are doing business. For companies doing business outside of the U.S., the challenge to comply with local laws and regulations increases significantly.
EPL problems can negatively impact morale within the overall work force and ultimately create challenges for a company in attempting to attract, retain and develop its most talented employees. Tipping Point believes that a sound governance and compliance program can reduce this risk. We will assist you in understanding current claim trends, identifying strategies for mitigating risk and securing quality EPL insurance to reduce your financial exposure.