partners in risk

Employment practices liability insurance is a type of coverage meant to protect employers from lawsuits brought by employees alleging workplace misbehavior or third-party liability brought by customers, clients, suppliers, and others.

Only a quarter of organizations that could benefit from an EPL policy actually buy one, according to the Insurance Journal. Unfortunately, many employers assume they are immune from legal action. However, if you intend to be in operation for at least five years, you should expect to be sued at some point.

Signs Your Business Needs EPLI Coverage

  1. Over 92% of businesses get sued at some point.
  2. Employees are more aware of their rights and are willing to sue.
  3. Laws and regulations keep changing, putting more obligation on employers.
  4. Small to medium-sized businesses may not have the resources to manage the employment process correctly.

Discrimination, wrongful termination, and harassment are all possibilities every day your business is open. You may be better positioned to handle the financial aspects of a lawsuit as a larger company, but you risk lasting public backlash if the litigation is made public.

Armstrong Timeshare Association (ATA) has been created exclusively for timeshare resorts and HOAs and to assist timeshare resort risk managers and brokers. Our products include comprehensive insurance programs designed specifically for the Timeshare and HOAs industries and the distinct insurance profile for which, often times, basic insurance does not adequately cover. The ATA program includes a property restoration component for major losses assuring minimal downtime and loss mitigation.