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RISK MANAGEMENT

Today’s growing insurance need: EPLI coverage

It’s becoming increasingly necessary for all firms, yet only about 50% have it. It’s employment practices liability insurance.

EPLI is coverage for claims brought by disgruntled employees, and in the current “downsizing environment” it’s a necessity, says Uri Gutfreund, specialist in law firm insurance at Singer Nelson Charlmers in New York whose actual title is Law Firm Insurance Guru.
“In the good old days when the market was hot, a law firm could let people go and they’d get picked up the next day by a different firm.” But today getting another job isn’t easy, “so they come after you.”
EPLI covers employment-related lawsuits such as claims of harassment, discrimination, retaliation, and…

. . . read more

COMPLIANCE

Retaliation gets broader and more expensive and is hitting all offices

What’s the single greatest employment law risk employers are facing?
Retaliation. The EEOC reports that retaliation claims have been on the upswing for 10 years and now sit at the top of the list of employment law matters. Heightening the issue is the fact that an employee can cry retaliation – and the firm can have to pay out a lot of money – even if the complaint supposedly causing the retaliation is found to be groundless.
Almost all offices are at risk. While some types of retaliation claims are limited to employers with a certain number of employers, others apply to all employers, regardless of size, cautions attorneys and…

. . . read more


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