Propel provides innovative insurance solutions to thousands of companies across the country. We make it our business to know your world inside and out.
In today’s business world, everyone should know that sexual harassment is illegal. Companies should work to educate employees on what constitutes sexual harassment and clearly communicate a no-tolerance policy.
And yet, more than 53 charges of sexual harassment are filed with the Equal Employment Opportunity Commission every business day.
Given this environment, it’s important for businesses to also protect themselves financially. many companies mistakenly think they’re already covered through their General Liability policy. Not so.
Employment Practices Liability Insurance, or EPL, offers companies the protection they need. It covers legal costs, judgments and settlements against employee claims of sexual harassment, retaliation or a hostile work environment. Remember, even if your company has done nothing wrong, you’ll still have to pay defense fees, which average $150,000 per claim.
If you have questions about keeping your company well-protected, talk with any of us at Propel.