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The Need For Employment Practices Liability Insurance is Growing.
A once rare concern, employment-related claims are now affecting the medical community.
These claims include losses from sexual harassment, wrongful termination, discrimination, retaliation and wage and hour issues. A medical practice is also exposed to charges of discrimination and harassment from 3rd parties, including delivery, drug reps and patients, as well as allegations of patient molestation. The definition of discrimination no longer just means race, creed or national origin. The definition now includes virtually all patients who walk through the door. Something as basic to the business practice as accepting only certain types of insurance may now mean that you caused a potential discrimination claim against some patients.
Now more than ever, a medical practice needs comprehensive Employment Practices Liability (EPL) coverage.
Settlements out of court in employment and third party cases continue to increase and have averaged $50,000. The average defense costs for employment practices suits is now $150,000. Should that same case go to a jury trial, you are looking at an average of $250,000. Click here to view examples.
The threat is real. The problem is growing. The cost is concerning.
We can help by offering coverage to protect you and your practice. For more information about EPL coverage, please contact us or fill out the form below now.