logging in or signing up EPLI ajaxon Download Post to : URL : Related Presentations : Let's Connect Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 249 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: July 22, 2008 This Presentation is Public Favorites: 0 Presentation Description Employment Practices Liability Insurance Comments Posting comment... Premium member Presentation Transcript Employment Practices LiabilityEPLI Insurance : Employment Practices LiabilityEPLI Insurance Do You Own a Business?If so be Afraid. You may be SUED! Have you laid someone off Recently? : Have you laid someone off Recently? If so, they may SUE YOU Even if it is a Legitimate Layoff Unemployment Kinda’ Sucks!. : Unemployment Kinda’ Sucks!. In New York, Unemployment pays $405 a week. Not enough for a family to live on. If they sue you the legal fees can exceed $50,000, easily.Really Easily : If they sue you the legal fees can exceed $50,000, easily.Really Easily The Median Cost to Defend an Employment Practices Suit is Over $100,000. The Median Cost to Defend a Class Action Employment Practices Suit is Over $300,000. “It was a Legit Layoff, we were Overstaffed.” : “It was a Legit Layoff, we were Overstaffed.” So What. If you are sued, and you have no EPLI you will have to Pay to Defend the Suit. In case you missed it the defense costs on the last page were $100,000 and $300,000. Defense Cost of Employment Practices Law Suits. : Defense Cost of Employment Practices Law Suits. Those big numbers were: Just the Defense Costs There were NOT the Judgment Costs! EPLI Judgment Costs : EPLI Judgment Costs In 2005 the Median Judgment Cost of an EPLI Suit was OVER $250,000 Real Judgment Costs : Real Judgment Costs In 2005 There was a 50% Chance of an EPLI Judgment being Between $60,000 and $600,000 Maybe I’ll Get Lucky. : Maybe I’ll Get Lucky. Then Go to Vegas, Bet Everything on this: In ‘05 EPLI 75% of Judgments Paid Out OVER $60,000. LAS VEGAS : LAS VEGAS Employment Practices Liability Insurance Costs about 1/150th of: Median Legal Cost + Median Judgment* *Median Cost Employment Practices Liability Insurance : Employment Practices Liability Insurance EPLI covers business owners and corporations against suits involving: Sexual Harassment Age Discrimination Sex Discrimination Race Discrimination Sex Abuse Sexual Abuse & Molestation Breach of Employee Contract Negligent Evaluations Wrongful Evaluation Practices Wrongful Infliction of Stress Award Medians by Type of Discrimination Case (1994-2000)This is Scary! If you are the Employer. : Award Medians by Type of Discrimination Case (1994-2000)This is Scary! If you are the Employer. TypeSexRaceOverallDisabilityAge MEDIAN$100,000$120,951$150,000$175,001$268,926 You May Win the Suit, Right?Plaintiff Recovery Ratesi.e. (back to Vegas) : You May Win the Suit, Right?Plaintiff Recovery Ratesi.e. (back to Vegas) Year1994199519961997199819992000 Employment-Practice Liability50%59%58%58%62%69%67% RaceDiscrimination43%41%45%33%58%60%62% Sex Discrimination50%70%64%67%64%70%69% Are Things Getting Better?Only if you are the one Suing! : Are Things Getting Better?Only if you are the one Suing! Castle Rock Agency, Incwww.CastleRockAgency.comWe Offer EPLI.Employment Practices Liability InsuranceWe’re Not Black Jack DealersWe don’t Gamble with your business : Castle Rock Agency, Incwww.CastleRockAgency.comWe Offer EPLI.Employment Practices Liability InsuranceWe’re Not Black Jack DealersWe don’t Gamble with your business You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.