10 reasons why business owners should carrier Employment Practices Liability.

The definition of Employment Practices Liability Insurance (EPLI) provides your company with protection against many kinds of employee lawsuits, such as sexual harassment suits, discrimination suits, wrongful termination actions and breach of employment contract lawsuits.

The escalating frequency and severity of suits alleging employment related wrongful acts comes from a variety of factors, including employee's heightened awareness of their rights under the Myriad laws and regulations. In addition, there is a more aggressive and growing body of plaintiffs' lawyers specializing in employment law. Also, economic downturns and resulting job losses also spike liability suits.

Here are the top ten reason why a business owner should carrier EPL insurance;

1. Employment Practices Liability covers not only actual, but also alleged acts of discrimination, harassment, retaliation, wrongful termination and other similar acts




2. 3 our of 5 employers are sued by former employees every year.




3. Over 40% of EPL claims are against firms with fewer than 100 employees.




4. Some Federal and State employment laws apply to all employers - any size company has exposure!




5. The Equal Employment Opportunity Commission (EEOC) recorded nearly 76,000 charges in 2006 and obtained more than $274 million in settlements for claimants.




6. The Financial ramifications of not having EPL insurance can be crippling, especially for small firms because they do not have the operating budgets to handle the defense costs, let alone the settlement or judgements, of an uninsured claim.




7. The medium cost of an EEOC lawsuit in 2006 exceeded $200,000.




8. There is no EPL coverage under other insurance policies such as General Liability (GL). Any endorsement to another policy general provides insufficient limits, does not provide the breadth of coverage of a separate EPL policy and erodes the limit available for the GL exposure.




9. Since 1997, wage and hour litigation's have tripled. More wage and hour collective / class actions have been filed in recent years than any other type of employment class actions combined.




10. Gender discrimination, age discrimination and retaliation claims are on the rise. There are more woman and "baby boomers" in the workplace than ever before. Recent Supreme Court decisions have lowered the standard of what constitutes retaliatory treatment.

For more information contact us at 1-800-332-9044 or email us at aholland@bbbins.com

Thank you ,

April Holland

Commercial Lines

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Benefits of being a member of the Florida Retail Federation

Our partner, the Florida Retail Federation (FRF) provides valuable, money-saving services and benefits that can reduce your day-to-day business expenses. Additionally, FRF aggressively lobbies and advocates for your rights as business owners to lower your cost of doing business. FRF offers true money saving membership tools and benefits including;

• Lower credit card and check processing fees


• Up to 66% discount on shipping costs with nationally recognized transportation companies, including FedEx.


• On staff Attorney who can provide individual members legal representation before state departments and agencies.

More Importantly, with your FRF membership, you'll gain the power of a large association advocating for your rights as a business owner. In fact, you can see the results every month on your financial statement. Here's some of the ways the Federation has already helped Florida business owners see bottom-line savings;

• Reduced Work Comp premiums by more than 60% since October 2003


• Reduce unemployment comp tax by $2 Billion in 2010


• Lowered Utility rates by $2 Billion - a reduction of more than 75%


• Avoided $100 Million in business litigation costs through tort reform legislation form 'Joint and Several' reform to 'Slip and Fall' reform.

When it comes to safety there's also strength in numbers - because RetailFirst is offering members of the FRF an exclusive workers' compensation safety program! Now, their policyholders have the opportunity to participate in a dividend plan designed to reward the employers who have made a commitment to safety and are dedicated to lowering their losses.

Through this safety group, you will be eligible to receive a bonus safety dividend based on group performance in addition to any individual dividend for which you may qualify. FRF offers tailored loss control services, including customized safety programs and online safety webinars to help you achieve long-term savings on your workers' compensation costs and to maximize your dividend potential.

FRF offers a guarantee on their membership costs. That means if your membership in the Federation does not save you at least the cost of your initial dues, then FRF will refund your dues.

For more details contact our office or visit their website at http://www.frf.org

Thank you,

April Holland
Commercial Lines
Account Manager

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