Employment Practices Liability Insurance: EPLI Insurance Claims On The Rise
- Topics:
- Insurance
- Tags:
- Business Operations,
- Castle Rock Insurance Agency,
- Corporate Insurance,
- Employment,
- Insurance,
- Liability Insurance,
- Plaintiff
- Source:
- Castle Rock Insurance Agency
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Overview: According to national data from Jury Verdict Research, for smaller companies that do not have Employment Practices Liability Insurance or maintain EPLI, the average cost to defend employment practices law suits are in excess of $100,000 for a single plaintiff and class action suits ranging over $3,000,000. For small to medium sized companies, a face-plant expense of this size can easily put the company under. The mass layoffs that began in 2007 are bringing rise to plaintiffs claiming sex discrimination, age discrimination and race discrimination.
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Format: PDF | Size: 7KB | Date: Jul 2008 | Pages: 3
