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Employment Practices Liability Insurance

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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