Delaware Employment Practices Liability Insurance (QUOTES, COST & COVERAGE)
Get Delaware employment practices liability insurance quotes, cost & coverage fast. EPLI covers DE businesses against employee’s claims that their legal rights as have been violated including; sexual harassment, discrimination, wrongful termination and more.
Delaware Employment Practices Liability Insurance
Delaware 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 Delaware employment practices liability insurance coverage. It ensures that they are prepared for any costs that may arise should an employee files a claim.
Who’s At Risk For A Employment Practice Liability Claim?
Any business owner – from a large DE 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 Delaware 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 DE EPLI Protect?
Most DE 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:
- Past employees
- Potential employees
- Temporary employees
- For-hire employees
- Independent contractors
What Does Delaware Employment Practices Liability Insurance Cover?
Delaware employment practices liability insurance provides coverage for the costs that are associated with various types of employee claims. Examples of claims include:
- Breach of employment contract
- Deprivation of career opportunity
- Failure to employ or promote
- Mismanagement of employee benefit plans
- Negligent evaluation
- Sexual harassment
- Wrongful discipline
- Wrongful infliction of emotional distress
- Wrongful termination
What Delaware Employment Practices Liability Insurance Doesn’t Cover
DE employment practices liability insurance typically does not cover:
- Actions that occurred outside of the United States
- Civil fines
- Claims of bodily injury
- Criminal fines
- Liabilities for acts of intentional or dishonest wrongdoing
- Property damage
- Punitive damages (can vary by state)
- Rest and meal times
- Social media usage
- The Consolidated Omnibus Reconciliation Act (COBRA) associated claims
- The Employee Retirement Income Security Act (ERISA) associated claims
- The National Labor Relations Act (NLRA) associated claims
- The Worker Adjustment and Retraining Notification Act (WARN) associated claims
- Unemployment benefits
- Unpaid wages
- Workers compensation
How Much Does Delaware Employment Practices Liability Insurance Cost?
How much does Delaware 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:
- Conduct background checks on all possible candidates.
- Conduct periodic performance reviews of employees and carefully note the results in the employee’s file.
- Create a job description for each position that clearly defines expectations of skills and performance.
- Create an effective record-keeping system to document employee issues as they arise, and what the company did to resolve those issues.
- Develop a screening and hiring program to weed out unsuitable candidates on paper before calling them to interview in person.
- Develop an employee handbook detailing your company’s workplace policies and procedures. It should include attendance, discipline, and complaints. The employee handbook should also contain an employment at-will statement and an equal employment opportunity statement.
- Document everything that occurs and the steps your company is taking to prevent and solve employee disputes.
- Institute a zero tolerance policy regarding discrimination, substance abuse and any form of harassment. Make sure you have a policy that allows employees to report infractions without fear of corporate retribution.
- Post policies in the workplace and place and also them in employee handbooks so policies are crystal clear to everyone.
- Show employees what steps to take if they are the object of sexual harassment or discrimination by a supervisor. Make sure supervisors know where the company stands on what behaviors are not permissible.
- Use an employment application that contains an equal employment opportunity statement along with a statement, that if hired, employment will be “at-will,” meaning their employment can be terminated at any time – for any reason or for no reason at all – with or without notice. Also ensure that your employment application does not contain any age indicators, such as date graduated high school, as this could increase your risk for age discrimination claims.
Further Reading On Management Liability Insurance
- Directors And Officers Insurance For Nonprofits
- Directors And Officers Liability Insurance
- Educators Legal Liability Insurance
- Employment Practices Liability Insurance
- Fidelity And Crime Insurance
- Sexual Abuse And Molestation Insurance
- Sexual Misconduct Liability Insurance
DE Employment Practices Liability Insurance Quotes
Request a Delaware Employment Practices Liability Insurance quote in Arden, Ardencroft, Ardentown, Bellefonte, Bethany Beach, Blades, Bowers, Bridgeville, Camden, Cheswold, Clayton, Dagsboro, Delaware City, Delmar, Dewey Beach, Dover, Ellendale, Elsmere, Felton, Fenwick Island, Frankford, Frederica, Georgetown, Greenwood, Harrington, Houston, Kenton, Laurel, Lewes, Little Creek, Magnolia, Middletown, Milford, Millsboro, Millville, Milton, New Castle, Newark, Newport, Ocean View, Odessa, Rehoboth Beach, Seaford, Selbyville, Slaughter Beach, Smyrna, South Bethany, Townsend, Wilmington, Wyoming and all other cities in DE.
Delaware Insurance Regulations
In the state of Delaware, there are certain regulations that are applicable to both personal and commercial insurance. There are actually tens of thousands of individual regulations, governing everything from the amount of assets or cash an insurance company must have per policy to how insurance companies can advertise, but the list of regulations that you need to know about is thankfully a lot smaller.
DE Commercial Insurance
Commercial insurance, also known as general liability insurance, protects a business and their customers in a variety of ways. One form of general liability coverage is bodily insurance which is physical damage to anyone on your premises other than employees.
Employees are covered under another type of insurance called Worker's Compensation. In addition, general liability can cover properly damage, protect you from personal injury suits, advertising injuries and provide legal defense and payment for judgments.
Delaware is not one of the states where commercial insurance is required to operate a business. Delaware is a modified comparative fault state with a 51% negligence standard. There are no caps on awards for personal injury suits in Delaware and the statute of limitations for filing after something happens is two years.
As for how much insurance you should carry in Delaware, there is no clear answer. The best thing to do is to research the type of business you have and what kinds of lawsuits are possible, as well as what the payouts for those lawsuits usually turns out to be, so that you can see how much liability coverage you should carry.
Delaware Personal Insurance
There are a few different types of personal insurance available for consumers, but the only one that has any sort of regulation that you need to know about is auto insurance. There are laws in place governing how much liability insurance you are required to carry in Delaware. However, there are no regulations that consumers need to be aware of when it comes to life insurance, flood insurance or various other types of available insurance.
As for the auto insurance regulations, the state of Delaware requires you to carry auto insurance that pays as a result of an accident that was your fault. The limits are known as 15 000 USD /30 000 USD /10 000 USD. That means that you are required to have 15 000 USD per person or 30 000 USD per accident in your auto insurance coverage. You will also need to have an additional 10 000 USD for property damage.
Different States Employment Practices Liability Insurance
If you are looking for state specific Employment Practices Liability Insurance quotes, costs and information: