Sterner Insurance Agency - Apple Valley, MN
952-432-1111 - Business, Commercial, Auto, Home & Life Insurance, Apple Valley, Minnesota Apple Valley, MN
Employment Practices Liability Insurance
Sterner Insurance Agency - Apple Valley, MN Your EPLI Insurance Expert
The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, we provide this coverage as an endorsement to our Businessowners Policy (BOP).
The cost of EPLI coverage depends on your type of business, the number of employees you have and various risk factors such as whether your company has been sued over employment practices in the past. The policies will reimburse your company against the costs of defending a lawsuit in court and for judgments and settlements. The policy covers legal costs, whether your company wins or loses the suit. Policies also typically do not pay for punitive damages or civil or criminal fines. Liabilities covered by other insurance policies such as workers compensation are excluded from EPLI policies.
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Let the Sterner Insurance Agency - Apple Valley, MN, help you understand and protect all of the risks you run and all of the perils your business faces. We will do this with a well thought out and executed business insurance policy designed just for our EPLI Insurance policy holders.