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EPLI Facts for Small Business

 

According to the Society for Human Resource Management:

  • Statistics Confirm that an employer is more likely to have an employment claim than a property or general liability claim.
  •  The average amount paid for out of court settlement is $40,000. 
  •  Defense of an average EPLI (Employment Practices Liability Insurance) case, through trial, costs over $45,000. 
  • The median compensatory award is EPLI cases is $218,000. 
  • 67 percent of all employment cases that litigate result in judgement for the plaintiff.
  • 10 percent of awards involving discrimination or wrongful termination are in excess of $1 milliion. 
  • 41 percent of all EPLI claims are brought against small employers with 15 to 100 employees.
  • Total Team Solutions can help your company greatly reduce the risk of employee claims by providing best of class HR advice
  • Total Team Solutions has been providing very cost effective EPLI to their clients for over 15 years.
 

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