ALL California employers must provide coverage for their California employees
EPLI Insurance for California’s Businesses and More
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EPLI Insurance In California
Whether you’re a small or large business, California EPLI Insurance (Employment Practices Liability Insurance) can cover the majority of employee/employer related lawsuits and exposures. One of a business owner’s greatest risks is potentially being sued by one of their own employees.
Most small business owners struggle with adding this kind of coverage to their list of expenses, however, small businesses can seldom afford the higher costs that come with an employment lawsuit.
Large business owners employ much larger groups of people, which increases liability, therefore having an employment practices liability insurance policy becomes a necessity. JVRC Insurance can provide you with a quote or answer any questions you may have.
EPLI Insurance Protections
EPLI insurance can protect an employer from the following claims:
- Discrimination (Race, Sex, Religion, Disability, etc.)
- Wrongful Termination
- Harassment including Sexual
- False Imprisonment
- Invasion of Privacy
- Breach of Contract
- Emotional Distress
- Wage and Hour law violations
- And other related allegations
EPLI Insurance can also protect businesses from liabilities that arise between an employee and a third party, such as vendors or customers, just as long as you ask to have it endorsed to your policy. Standard General Liability policies will mostly exclude EPLI coverage. So you must purchase as an individual policy which JVRC Insurance can provide!
JVRC Insurance can also obtain an Employee Benefits Liability policy to protect your business from the exposures that come from mistakes with managing your employee benefits program, such as group health, dental, pension or profit sharing plans, and employee stock plans.
Contact Us For EPLI Insurance In California
If you’d like to know what an Employment Liability Insurance Policy could cost for your business, if you’re wondering if your current EPLI policy is the best option out there, or if you just simply have questions, then JVRC Insurance can shop the top EPLI insurance carriers in California and find the most affordable option for your company! Contact us today, we would love to find the right California EPLI insurance for you.
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Frequently Asked Questions about Business Insurance
Why is California Workers Comp Insurance so expensive?
Largely because of claims that occur, experience modifications, fraud and payroll amounts statewide
Where do we get the information we post on our blog site?
The Department of Insurance website, The WCIRB, The Insurance Journal and many other trusted sources
What is an experience modification?
It’s a percentage that compares the payroll and loss history of your company to a similar-sized company within the same industry. For example, if a company has a better than average loss record, their experience modification would be less than 100%. If that is the case you would receive a credit on your Workers Comp rates. If that is not the case however it would result in the opposite, an increase in rates. The experience modification can be closely compared to an individual’s credit score.
Why is Workers Compensation Insurance a necessary requirement?
It is illegal in the state of California to not carry it. There will be penalties, fines and many other consequences if a worker is injured and you do not carry it. Furthermore if there is a claim and you do not have California Workers Compensation Insurance at the time the employer is still liable for all costs relating to the injury which can be devastating to any company.
How does your insurance carrier determine what your experience modification number is?
This is calculated based on your payroll, premium paid and by your reported losses for the last three consecutive years
Who regulates and makes California Workers Compensation laws?
The Department of Insurance regulates the laws and the State Senate makes them
What is a Classification or a class code?
It’s a component used determine the price an employer pays for their workers’ comp insurance premium. Classifications are established for each industry and typically include all jobs or operations within a particular business.