EPLI Claims on the rise in the Staffing Industry

2019 continues to see a rise in the number of claims related to Employment Practices Liability Insurance. Since Temp Staffing is more dependent on the employment process, it is one of the heaviest hit industries. Typically claims can cost anywhere from $50k to $100k in defense costs alone. EPL Insurance is now a core insurance coverage that every Staffing Firm must consider if they do not have the coverage already. Additionally, now more than ever it is important to make sure you work with your HR/legal staff to have a well written Employee Handbook. Make sure it is up to date on all the latest employment laws, policies and procedures. It is also important to make sure you document and properly respond to any allegation or incident, and are properly covered by a good EPLI policy.