Some businesses may consider going without Employment Practices Liability (EPL) coverage to save money.
Others mistakenly assume they are covered under their general liability policies, which most often have a standard exclusion for employment practices liability exposures.
Unfortunately, those businesses that suffer the consequences of an employment-related lawsuit are the very ones that can least afford the potentially debilitating costs that can result from even a single EPL claim.
Consider the facts:
- The Equal Employment Opportunity Commission (EEOC) recorded nearly 83,000 charges in 2007 alone.
- Private businesses with 100 or less employees are the most often sued for federal discrimination claims.
- The average cost of an EEOC lawsuit exceeded $140,000 in 2007.
