PRK Insurance Agency Inc

Shield Your Business from Employment Risks

Comprehensive Employment Practices Liability Coverage

Protect your business against claims of wrongful employment practices with tailored insurance policies. From discrimination to wrongful termination, ensure your company is safeguarded against costly legal disputes and liabilities.

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Frequently Asked Questions (FAQs) - Employment Practices Liability Insurance (EPLI) in New York

What is employment practices liability insurance (EPLI)?

Employment practices liability insurance (EPLI) provides coverage for businesses against claims made by employees regarding employment-related issues, such as discrimination, wrongful termination, harassment, and other workplace disputes.

What does EPLI cover?

EPLI typically covers legal defense costs, settlements, and judgments related to claims of discrimination, wrongful termination, harassment, retaliation, and other employment-related issues.

Is EPLI required in New York?

While EPLI is not legally required, it is highly recommended for businesses to protect against potential employment-related claims and lawsuits, which can be costly and damaging.

How is the cost of EPLI determined?

The cost of EPLI is based on factors such as the size of the business, number of employees, industry, past claims history, and the chosen coverage limits and deductibles.

What should I do if an employee files a claim against my business?

If an employee files a claim against your business, notify your EPLI provider immediately. Document the incident, follow the insurer’s guidance, and cooperate with the investigation and defense process.

Does EPLI cover independent contractors and temporary workers?

Coverage for independent contractors and temporary workers varies by policy. It's important to review your policy details to understand the extent of coverage for these types of workers.

Can I get discounts on EPLI?

Yes, insurers may offer discounts for implementing strong HR practices, regular employee training, maintaining a claims-free history, and having clear employment policies and procedures in place.

How can I lower my EPLI premium?

You can lower your premium by increasing your deductible, implementing comprehensive HR practices, maintaining a claims-free history, and regularly reviewing your coverage to ensure it matches your needs.

What types of businesses need EPLI?

Any business with employees should consider EPLI to protect against employment-related claims. This includes small businesses, large corporations, non-profits, and more.

What additional coverages should I consider for my EPLI policy?

In addition to standard coverage, you might consider adding coverage for wage and hour claims, third-party liability (covering claims made by customers or vendors), and higher liability limits to ensure comprehensive protection.

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Get comprehensive insurance coverage with PRK Insurance Agency Inc in Melville, NY.