Florida Pool Pro
sm
• December 2014
23
time the company has been in business. Insurance companies may also take
other factors into consideration when deciding the cost of the premium and
structuring a policy best suited for the company.
How a Company Can Reduce Exposure to Lawsuits
To reduce the likelihood of being sued for an employee rights violation, the
company should review and update its employee manual to make sure it is
in full compliance with the most recent federal and state laws. The company
should educate employees on actions and conduct that is considered illegal
in the workplace. Employees should be informed of company procedures
for handling complaints of employee rights violations. The company should
keep a record of any complaints filed by employees and document how those
complaints were handled.
How to Decide if the Company Should Obtain EPLI Coverage
If a company is at risk of being sued for one of the violations covered by
EPLI, it should seriously consider obtaining insurance. An insurance company
can tailor a policy that would be most beneficial for the company and its needs.
Dealing with employment lawsuits can be extremely costly for a company that
does not have the proper
insurance coverage.
