Some businesses may consider going without Employment Practices Liability (EPL) coverage to save money.
Others mistakenly assume they are covered under their general liability policies, which most often have a standard exclusion for employment practices liability exposures.
Unfortunately, those businesses that suffer the consequences of an employment-related lawsuit are the very ones that can least afford the potentially debilitating costs that can result from even a single EPL claim.
Consider the facts:
- The average cost of an EEOC lawsuit in 2009 exceeded $235,000
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