In today’s fast-evolving construction industry, New York contractors face a range of risks beyond the job site, including those associated with employment practices. Employment Practices Liability Insurance (EPLI) is designed to protect businesses from claims made by employees related to wrongful employment acts, providing a vital layer of protection for contractors.
What Does EPLI Cover?
EPLI covers claims made by employees (current, former, or prospective) involving wrongful acts in the employment process. These can include:
– Discrimination (based on age, gender, race, disability, etc.)
– Wrongful termination
– Sexual harassment
– Retaliation
– Breach of employment contract
– Defamation, libel, or slander
– Invasion of privacy
– Labor disputes
While general liability policies typically cover bodily injury or property damage, they don’t protect against employment-related claims. That’s why EPLI is crucial for contractors who employ staff and work closely with subcontractors, project managers, and laborers.
Three Examples of Potential Claims
1. Discrimination Claim
A construction company hires a new project manager. After a few months, the employee feels they are being passed over for promotions due to their race. They file a lawsuit claiming racial discrimination. Without EPLI, the business would have to cover legal fees and potential settlement costs out of pocket.
2. Sexual Harassment Claim
A foreman is accused of sexual harassment by a female employee who alleges inappropriate comments were made on a job site. Even if the claim is unfounded, the legal costs to defend against it can be staggering. EPLI helps cover these defense costs and any settlements or judgments if the case is lost.
3. Labor Rate Discrepancies
In the current construction environment, labor rate disputes are becoming a common issue. Employees or subcontractors may claim they were underpaid or not compensated according to the terms of the contract. These types of lawsuits can be complex, involving wage disputes or discrepancies in pay between male and female workers. Having EPLI coverage can help protect your company from the significant costs involved in defending against these claims and any resulting judgments.
Why Turn to BGES Group?
In today’s market, many large insurance agencies are starting to charge exorbitant policy fees, adding unnecessary costs to businesses that are already feeling the pressure. BGES Group is different. We’re one of New York’s premier construction insurance specialists, offering mom-and-pop boutique-like service designed to cater to your specific needs. We understand the risks New York contractors face and work closely with you to tailor a policy that provides the best coverage at competitive rates.
Don’t get lost in the shuffle of large, factory-like agencies. At BGES Group, we focus on delivering personalized service and solutions without the excessive policy fees. We’re here to help you navigate the complexities of Employment Practices Liability Insurance and protect your business from the growing risks that come with being an employer.
Contact Information
For a consultation or to learn more about how EPLI can protect your business, contact Gary Wallach at BGES Group today.
– Phone: 914-806-5853
– Email: bgesgroup@gmail.com
– Website: https://www.bgesgroup.com
BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health. Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.
BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help! We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too.
If you want to speak with us, call Gary Wallach at 914-806-5853, click here to email, or visit our website.
Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538
email: bgesgroup@gmail.com
website: http://www.bgesgroup.com
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