Is Employee Practice Liability Insurance important? Of course, it is, and let us tell you a story that will help you understand why.
At a five-star restaurant, there was a male chef and a woman chef. The woman chef, Sophia, noticed she was getting paid much less than the male chef. In addition, she wasn’t getting the credit she deserved for her dishes on the menu, but the other chef was. She decided to stand up for herself but was quickly dismissed, so she opened a lawsuit against the restaurant.
As the case unfolded, it was clear there was unfair treatment in the workplace; the evidence was overwhelming. In the end, the court ruled in Sophia’s favor, and the restaurant was ordered to pay a large sum of money in compensation.
Unfortunately, the restaurant didn’t have enough money to cover these charges and was forced to close down. Employee Practice Liability Insurance protects employers from financial losses resulting from employment-related lawsuits. EPLI provides coverage for legal fees that can come from suits concerning unfair employment practices, discrimination, harassment, retaliation, wrongful termination, and other possible cases.
Don’t make the same mistake this restaurant made. Make sure your business is protected against Employee Practice Lawsuits. Contact us at SOGO Insurance for an Employee Practice Liability coverage that will work for you.
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