Employment Practices Liability Insurance: more essential than ever for businesses
As sexual harassment claims rock businesses across America, the expectations set by corporate executives are more important than ever.
In recent weeks, the CEOs of General Motors and United Airlines have each spoken out against harassment. It would not be a surprise to see more corporate leaders publicly take a no-tolerance stance against misconduct.
Already, some companies are taking steps to try and reduce incidents of improper behavior. One trend: alcohol was de-emphasized (or removed altogether) at some holiday parties, and other firms have reportedly skipped having parties at all this year.
However, a company can have all of the right policies in place. They can actively be building and promoting a healthy workplace culture, and still face a harassment claim. The fallout can be costly to the firm's bottom line and reputation. In this unfortunate scenario, a company needs Employment Practices Liability Insurance.
Employment Practices Liability Insurance, or EPLI, can protect a firm and its elected officers, including board members, against numerous employment-related claims, including sexual harassment and retaliation.
Let’s have a conversation
For more information on Employment Practices Liability Insurance, contact Plexus Vice President of Executive Liability Willie Lindsey at wlindsey@plexusgroupe.com or 847-307-6100. We would be happy to go over EPLI or other Management Lines questions you may have.