“#Metoo” for businesses means implementation of best practices backed by insurance.

Put our experience and expertise to work for you.

Safeguard Your Business Against Employee Disputes

The past year has put the spotlight on disturbing workplace practices throughout every industry and profession, serving as a wake-up call for all businesses. High-profile cases with harassment allegations against heavy-hitters like Harvey Weinstein, Kevin Spacey, and Steve Wynn has brought employment practices to the forefront – from the boardroom to the cubicle. Many companies, large and small, are now reviewing their HR policies and procedures to beef up best practices and help ensure a culture of safety for their employees. Along with this, there’s a renewed focus on Employment Practices Liability Insurance (EPLI), designed to help protect companies in the event of workplace-related disputes.

How EPLI Works

EPLI steps in to pay lawsuit expenses, including defense costs and settlements or judgments, should an employee file a claim against your business alleging discrimination, sexual harassment, wrongful termination, and similar issues. Federal and state laws, such as the Americans with Disabilities Act (ADA) and the Family Medical Leave Act (FMLA), provide standards employers have to meet. When you are accused of breaking these rules, even unintentionally, you may face a lawsuit. In many cases, it can be a matter of he-said, she-said, which still requires defending the allegations.

The Regan Agency can provide you with EPLI coverage as part of a comprehensive Liability insurance program. It doesn’t matter if you have a small business, you can be still be sued, which will not only cost you financially but also in lost time and productivity without the right coverage to respond. Just take a look at some stats*:

  • 5% of employee lawsuits are brought against private companies with fewer than 100 employees
  • The cost of settling out of court averages $75,000
  • The average jury award hits $217,000 if you go to court and lose

Businesses have different needs when it comes to EPLI coverage, depending on the industry you operate in, the activities your employees perform, and where your business operates. Our professionals will help secure the right policy for you.

*Trusted Choice

We’re Ready to Serve Your Insurance Protection Needs 

We invite you to learn more about the Regan Agency and to give us an opportunity to show you how we can take care of your business and personal insurance needs. Just give one of our professionals a call at 631-669-3434.