Why Do Employers Need Orlando EPL Insurance?

Employment Practices Liability

All employers need Employment Practices Liability (EPL)insurance coverage, yet far too many employers fail to secure this vital protection. Employment related lawsuits are on the rise, from wage and hour disputes to sexual harassment and wrongful termination. As a business owner today, the possibility that you will be sued at one time or another by an employee is very real. Some of the most common allegations against employers were acts of discrimination, wrongful retaliation and wage disputes.

Last year the U.S. Equal Employment Opportunity Commission (EEOC) received 88,778 charges of employment discrimination. Eight and a half percent of those claims, or 7, 528 claims total, were reported in the state of Florida alone. All together, last year the EEOC recovered $318,600,000 in from private sector and governmental employers through the pursuit of non-compliance with fair labor and employment regulations. According to EEOC data, a record high of 42.8 percent of all those claims were allegations of wrongful employer retaliation.

The EEOC currently recognizes and enforced legislation designed to prohibit twelve different types of discrimination within the workplaces. These types of discrimination include discrimination based on personal factors such as age, disability, genetic information, sex, religion, race/color, national origin and in some cases sexual preference and gender identity. Employees can also pursue allegations of employment discrimination based on unequal pay or compensation, pregnancy and family status, sexual harassment, unfounded retaliation or termination and other types of harassment or bullying.

When charged with allegations of employment discrimination or other wrongful employment practices, whether founded or not, Florida employers face harsh financial repercussions, investigation, and lengthy legal battles. Orlando EPL insurance is designed to help employers protect their assets and minimize out of pocket expenses. At Newman Crane, our Orlando insurance agents can help you protect your operation by securing the business insurance you need. We proudly offer a complete suite of Orlando business insurance solutions to help business owners navigate the hazards of operation. We can help ensure that your operation is protected from many common and specialty claims and liability exposures. To learn more about our operation and our offerings, contact us today at (407) 859-3691.