Tristate Business Insurance Blog

RSS Grab the Tristate Business RSS Feed!

Get e-mail notifications of new blog posts!
Enter email address below:

Delivered by FeedBurner

 

Changes to Employment Practices Liability Insurance (EPLI)

Joseph Coupal - Tuesday, December 06, 2011

One of the best reasons to use a business insurance broker is because an insurance broker can find great rates for you. The Hartford has made changes to EPLI and TriState Business Insurance wants to bring those to you.

With the number of EPLI claims continuing to rise, small businesses need to make sure they have the right amount of insurance coverage in place to protect them from this real and emerging risk. By decreasing the number of underwriting questions required to purchase increased limits and reducing the minimum premiums for increased limits, it is easier than ever to get the insurance coverage you need.

While, in most states, The Hartford's Spectrum Business Owner's Policy automatically includes $10,000 of EPLI coverage at no additional cost, it may not be enough. Consider...

  • Costs of defending an allegation can add up quickly
  • There is a 58% probability for a plaintiff verdict in employment liability claims¹
  • In 2009, the average settlement award was $363,748¹ (The median settlement award was $95,000¹)

There is no doubt about it -- liability associated with poor employment practices can be costly.

Beginning in December, TriState Business Insurance can bring you the coverage you need. Here's how...

  • Improved competitive positioning on increased limits - offering you the best value for their insurance dollar



     *Minimum premiums may vary due to state requirements

  • Introduction of a $1M limit - offering maximum protection.

Consider increased EPLI limits. We can help protect you by offering solutions that help proactively minimize risks to your business. Contact TriState Business Insurance about EPLI.

Information from The Hartford

Comments (0) | Trackbacks (0) | Permalink

1

Recent Posts

Tags

inland marine insurance, VA, DC, MD commercial insurance quotes umbrella liability insurance small business insurance commercial automobile insurance quotes commercial auto insurance, MD, VA, DC workers comp, VA, MD, DC garage owners insurance, VA, MD, DC business insurance coverage home based catering insurance small business insurance, VA, DC, MD home-based business insurance coverage, VA, MD, DC commercial insurance policies workers' comp insurance costs, VA, MD, DC delivery driver insurance small business insurance, MD, VA, DC restaurant insurance, VA, MD, DC Washington DC insured businesses personal insurance, VA, MD, DC home based businesses, MD, VA, DC consulting insurance auto liability workers comp fleet insurance workers' compensation costs, VA, MD, DC general liability insurance, VA, DC, MD insurance for bouncers umbrella insurance EPLI insurance policy auto insurance, MD, VA, DC Wahington D.C. general liability business liability insurance workers' compensation, VA, MD, DC delivery insurance insurance policy, VA, MD, DC workers' comp insurance coverage, VA, MD, DC pizza delivery insurance comprehensive insurance policy business insurance plan garagekeepers legal liability workers' compensation insurance, VA, MD, DC Consulant business insurance commercial insurance brokers, VA, MD, DC third party liability suit food borne liability insurance workers compensation garage insurance, VA, MD, DC commercial liability insurance entrepreneurs general liability insurance, MD, VA, DC construction insurance Maryland TriState Insurance, VA professional liability coverage, VA, MD, DC workers comp insurance, VA, MD, DC hurricane independant contractors insurance, VA, DC, MD garage keepers legal liability business insurance HVAC insurance, VA, MD, DC home owners insurance, VA, MD, DC specialty business insurance coverage business insurance policy, VA, MD, DC specialist insurance policy hurricane damage home based business insurance workers' comp insurance, VA, MD, DC insurance for independent contractors bar or nightclub insurance insurance broker valet service insurance business insurance policy Virginia home based business insurance, MD, VA, DC food borne illness coverage, VA, MD, DC general liability insurance car dealership insurance, VA, DC, MD The Hartford business liability insurance, VA, MD, DC motor trade insurance, VA, DC, MD business insurance, VA, MD, DC business insurance coverage, VA, DC, MD business insurance coverage, VA, MD, DC liquor liability insurance coverage bar liability insurance potential liability pub insurance liquor liability insurance Employment Practices Liability Insurance high liability insurance business insurance, VA, DC, MD workers' comp, VA, MD, DC bars and clubs Dram Shop laws business owners DC business insurance brokers, VA, MD, DC TriState Business Insurance, VA garage owners insurance, VA, DC, MD restaurant liability insurance home-based business insurance VA, MD, DC contractors insurance, VA, MD, DC business umbrella insurance business insurance, MD, VA, DC small business owners commercial business insurance, VA, MD, DC insured loss insurance brokers, VA, MD, DC liability coverage business interruption insurance inland marine insurance commercial umbrella insurance liquor liability commercial insurance, VA, MD, DC commercial auto insurance quotes commercial auto, MD, VA, DC home base business insurance, VA, MD, DC independent brokers, VA, MD, DC personal lines insurance, VA, MD, DC catering insurance workers compensation insurance, VA, MD, DC independent insurance brokers, VA, MD, DC liquor liability insurance, VA, MD, DC insurance for valet services liquor liability coverage small businesses, MD, VA, DC earthquake workers compensation injury commercial auto insurance VA MD DC business insurance liquor insurance business insurance broker insurance claims commercial insurance commercial auto insurance commercial insurance brokers business insurance liability coverage VA MD DC independant contractors insurance nightclub insurance extra expense coverage

Archive