The Importance of Employment Practices Liability Coverage

Every employer, no matter how small, faces the specter of being sued by a past, present or prospective employee at some time. In fact, such employment practices claims are widespread - so much so that most businesses are much more likely to have an employment practices liability claim than a general liability or property loss claim. Nearly three-quarters of all litigation against corporations today involves employment disputes, which can be extremely costly. The cost associated with an employment practices claim can be significant. In 2018, the Equal Employment Opportunity Commission resolved 90,558 charges of discrimination and recovered about $505 million…

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