Kentucky Employment Practices Liability Insurance
(Quotes, Cost & Coverage)

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Get Kentucky employment practices liability insurance quotes, cost & coverage fast. EPLI covers KY businesses against employee's claims that their legal rights as have been violated including; sexual harassment, discrimination, wrongful termination and more.

KY Employment Practices Liability Insurance

Kentucky Employment Practices Liability Insurance ⋆ Quotes, Cost & Coverage

Kentucky employment practices liability insurance (EPL insurance or EPLI) offers coverage for employers against any claims that are made against them by employees.

Typically, large companies have a significant amount of Kentucky employment practices liability insurance coverage. It ensures that they are prepared for any costs that may arise should an employee files a claim.

Given the fact that larger companies usually have a large employee base, having this coverage makes sense. However, it's not just big corporations that should have this type of insurance; smaller KY businesses and startups should have it, too.

In fact, it might be even more beneficial for small businesses and startups to have employment practices insurance coverage, as they tend to be more vulnerable to employee-filed claims. Why? - Because often, these types of organizations don't have a legal department or an employee handbook that details their procedures and policies regarding hiring, terminating, and managing their employees.

Who's At Risk For A Employment Practice Liability Claim?

Any business owner - from a large KY corporation to a small brick and mortar operation - is at risk of having a claim filed against them by an employee the minute they begin interviewing possible employees. For instance, should the company decide that they don't want to hire a candidate, he or she could allege discrimination and file a claim against the business.

If the business does end up hiring the person that was interviewed and ends up firing him or her later on as a result of poor attendance, for example, that person could claim he or she was wrongfully terminated.

Whether the allegations are founded or not, whenever an employee files a claim against an employer, the company could face serious financial upheaval. This is where Kentucky employment practices liability insurance can help.

For example, a judge could find the company guilty and a settlement would have to be paid. And, even if the claim ends in favor of the business owner, the company will still have to pay legal fees and deal with any repercussions that surround a claim, such as a tarnished reputation.

Who Does KY EPLI Protect?

Most KY employment practices liability policies protect any claims that are brought against a business owner, the business itself, management, and in some cases, other employees. This insurance covers any claims that are filed against the above-mentioned by the following individuals:

What Does Kentucky Employment Practices Liability Insurance Cover?

Kentucky employment practices liability insurance provides coverage for the costs that are associated with various types of employee claims. Examples of claims include:

What Kentucky Employment Practices Liability Insurance Doesn't Cover

KY employment practices liability insurance typically does not cover:

How Much Does Kentucky Employment Practices Liability Insurance Cost?

How much does Kentucky employment practices liability insurance cost? The costs that are associated with a legal claim filed by an employee, customers or vendors can be astronomical. These costs can include legal fees, court fees, settlement fees, public relations, and anything else that occurs as a result of a lawsuit. Trying to cover those costs out of pocket could potentially ruin a business. Being covered by employment practices liability insurance will help to soften the financial blow that comes when and if an employee files a claim.

The cost of this insurance varies. There are a number of factors that are taken into consideration when determining the cost, such as the type of business that is being covered, the number of people the business employees, any claims that may have been filed against the business in the past, and the net-worth of the business.

An Ounce Of Prevention Is Worth A Pound Of Cure

To help prevent employee lawsuits, educate your managers and employees about your guidelines and acceptable behavior so that eliminate problems before they start. Following are some ideas you can implement in your business right away:

Further Reading On Management Liability Insurance

KY Employment Practices Liability Insurance Quotes

Kentucky Insurance

Request a Kentucky Employment Practices Liability Insurance quote in Alexandria, Ashland, Ashton, Bardstown, Berea, Bowling Green, Burlington, Campbellsville, Covington, Danville, Edgewood, Elizabethtown, Erlanger, Fayette, Florence, Fort Knox, Fort Thomas, Francisville, Frankfort, Franklin, Georgetown, Glasgow, Henderson, Hopkinsville, Independence, Jeffersontown, Lawrenceburg, Lexington, Louisville, Lyndon, Madisonville, Mayfield, Maysville, Middlesborough, Mount Washington, Murray, Newport, Nicholasville, Ownesboro, Paducah, Paris, Radcliff, Richmond, Shelbyville, Shepherdsville, Shively, Somerset, St. Matthews, Versailles, Winchester and all other cities in KY.

Kentucky Insurance Rules

In KY, there are some insurance regulations that you should be aware of before you start your business or even strike out on your adult life. We will be looking at both business and personal insurance, and the regulations that affect consumers that get these types of insurance. Let's look at personal and business insurance in greater detail according to the regulations in Kentucky.

KY Business Insurance

The first regulations to be aware of is the regulations governing business insurance in Kentucky. Like most states, Kentucky does not require businesses operating in the state to carry commercial liability insurance.

Kentucky is a pure comparative negligence state which means that the plaintiff can recover damages even if they are 99 percent at fault. There is also no personal injury in Kentucky and the statute of limitations is one year.

There are also some mandatory types of business insurance that are required in Kentucky. One type is required in almost all 50 states and is known as Worker's Compensation insurance. In Kentucky, if you have at least one full or part-time employee, then you're required to carry Worker's Compensation insurance. If you have a sole proprietorship where you are the only worker, then you're not required to carry.

You can contact the Kentucky Labor Cabinet to find out about exemptions. The only other type of mandated business insurance in Kentucky is commercial auto insurance if the vehicle is used regularly as part of the business.

Kentucky Personal Insurance

There are a couple of different types of personal insurance regulations that we will be covering. The first is auto insurance. In Kentucky, drivers are required to carry liability coverage that is $25,000 per person or $50,000 per accident as well as $10,000 for property damage. This is pretty much standard for auto insurance in most of the other states out there. Some are a little higher and some are lower.

There are also certain regulations governing life insurance in Kentucky. Life insurance is a regulated industry with the rules listed in Title 25 Chapter 304. One regulation is that Kentucky residents are permitted what is called a free look. That is available in almost every state. Illinois residents can have life insurance for 10 days and if at the end of those 10 days they have evaluated their policy and do not like it they can cancel for a full refund. In addition, Kentucky insurance companies must provide a grace period of 30 days.


If you are looking for state specific Employment Practices Liability insurance quotes, costs and information: California Employment Practices Liability Insurance, Colorado Employment Practices Liability Insurance, Delaware Employment Practices Liability Insurance, Florida Employment Practices Liability Insurance, Illinois Employment Practices Liability Insurance, Kentucky Employment Practices Liability Insurance, New Jersey Employment Practices Liability Insurance, New York Employment Practices Liability Insurance, Oregon Employment Practices Liability Insurance, Pennsylvania Employment Practices Liability Insurance, Texas Employment Practices Liability Insurance, Washington Employment Practices Liability Insurance.

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