Employment Practices Liability Insurance EPLI Insurance Claims on the Rise - By: Castle Rock Insurance Agency,

The Increase in Employment Practices Liability Insurance Claims, EPLI Litigation
Skyrocketing Legal Fees impact Employment Practices Liability Insurance. According to Scott R. Edelman, Managing Partner of Marulli, Lindenbaum, Edelman & Tomaszewski, LLP, a New York Based Defense Law Firm states, "Although there is certainly a disparity between cases against small companies and large companies the number of Employment Practices Liability lawsuits agains small companies is increasing at a faster pace."

Award Trends in Employment Practice Liability Insurance Cases
In 2005 there was a 50% chance that an Employment Practices Liability Litigation award would fall between 60,321 an $600,000. The average verdict in Employment Practices Liability cases now approaches a half million by 1999, at over $450,000 per judgment, and Employment Practices Liability issues comprise 30% of all civil litigation in the U.S. Court. Age discrimination liability suits are rising more than any other sector of EPL Cases. The fact about Employment Practices Liability cases is that the employee is deemed right most of the time. The Department of Labor cites that, employees and other plaintiffs won almost half or 41% of all jury decided trials.

Employment Practices Liability Cases Can Bankrupt a Company
The "sue-your-terminator" trend is no longer relegated to Fortune 500 corporations. "No company is immune, no matter what the size...in 2006 alone, 75,768 employment discrimination charges were filed with the EEOC... another 30,000 small businesses are sued in federal court each year for wrongful termination and other matters". For a small business owner the horror of being dragged into an EPLI suit with our Employment Practices Liability Insurance can not only be financially destructive but also stressful and mentally debilitating.

The Cost to Defend an Employment Practices Liability Lawsuit
For smaller companies that do not have Employment Practices Liability Insurance or maintain EPLI, the average cost to defend employment practices law suits are in excess of $100,000 for a single plaintiff and class action suits ranging over $3,000,000. For small to medium sized companies, a face-plant expense of this size can easily put the company under.

Rising Employment Practices Liability Insurance Costs
Brett Lipton, President of Castle Rock Insurance Agency , a New York Based Property and Casualty Insurance Agency, Inc. states, "The demand for EPLI is on the rise. More business are acknowledging the importance of having a business insurance coverage that will provide Employment Practices Liability Insurance against claims and suits arising from issues of age, race and gender discrimination as well as wrongful terminations, sexual harassment, and even sexual misconduct.

Employment Practices Liability Insurance

Brett Lipton is a Insurance Broker for Castle Rock Agency Licensed in New York, New Jersey and Pennsylvania
Scott R. Edelman is a Defense Attorney and Managing Director for Marulli, Lindenbaum, Edelman & Tomaszewski, LLP, a New York Defense Law Firm.
Full article available here: Employment Practices Liability Insurance Claims on the Rise

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