Does my Staffing Firm really need EPLI Insurance? We have a great HR Department we will never face an EPLI Claim. The common statements made by staffing firm owners.
For the past couple years Staffing Agencies nationwide have been facing an increase in Employment Practices related claims. A majority of staffing companies have 2-3 claims regarding employment related practices a year.
EMPLOYMENT PRACTICES LIABILITY INSURANCE - What does it cover?
Employment Practices Liability - a type of liability policy that covers wrongful acts arising from the employment process. The most frequent types of claims that are covered under (EPLI):
Discrimination
Harassment
Retaliation
Violation of the Family and Medical Leave Act
Wrongful discipline
Wrongful failure to promote
Wrongful termination
Does Staffing Employment Practices Liability cover Wage and Hour Claims?
Wage and Hour Claims are completely different then EPLI Claims. Wage and Hour are claims by an employee that his or her employer has failed to pay overtime wages owed to the employee. Most EPLI policies specifically exclude coverage for wage and hour claims.
With 9+ Years of Helping Staffing Companies Nationwide - Akker, LLC has built trust with competitive A+ rated National Staffing Carriers. Let the Akker team quote your Employment Practices Liability policy and Staffing Insurance.
Contact us today - stan@akkerins.com or call (912) 247-3075
