As a business owner, proactively minimizing risks to your investment is essential. Being an employer in California can be one of the biggest risks that you face, protecting yourself from your employees is one of the most forgotten but imperative things that you can do.

Employment related claims can arise from almost anything but some of the most common are:

  • Discrimination
  • Harassment
  • Retaliation
  • FMLA Violations (Family and Medical Leave Act)
  • Wrongful termination or discipline

A small business owner needs to keep these risks in mind as they consider their insurance coverage requirements. Many Business Owner’s Policies can offer a false sense of security by including EPLI, oftentimes the included coverage has high deductibles and low limits with many exclusions.

Accuchex can help you navigate your specific risks that need to be considered when choosing Employment Practices Liability Insurance coverage. A former employee claiming any sort of wrongdoing, such as failure to promote, can cost tens of thousands of dollars to defend. Whether you’re right or wrong, the cost and time involved in defending your business can be exponentially more than the cost of the premium.

Contact an Accuchex insurance specialist to review your current coverage and potential coverage gaps you need to be aware of.