You wouldn’t practice dentistry without professional liability insurance, so don’t expose your practice to avoidable risk by neglecting to carry employment practices liability (EPL) insurance. EPL coverage responds to allegations such as wrongful termination, discrimination and sexual harassment.
With an average court settlement of over $40,000 for most employee lawsuits (10 percent of wrongful termination and sexual harassments cases settle for more than $1 million), the long-term future of your practice is at risk. If you haven’t checked out EPL coverage yet, now is the time.
Why do you need Employment Practices Liability insurance?
- You make decisions that directly impact your employees, exposing you to EPL risk.
- Three out of five healthcare employers are sued by former employees.
- A practice is more likely to have an employment practices claim filed than a general liability claim or a property claim. The average cost of an EEOC lawsuit in 2010 exceeded $270,000.
- More than 40% of all EPL insurance claims are against firms with fewer than 100 employees.
Like most employers, dentists are vulnerable to lawsuits initiated by their employees. In most cases, general liability policies don’t provide EPL coverage. At TDIC Insurance Solutions, we’ve partnered with the United States Liability Company to offer a comprehensive employment practices liability policy specifically designed to help protect your practice.
Our EPL insurance covers dental professionals against:
Current, former or prospective employees may claim they were victims of illegal employment-related discrimination, such as:
- Pregnancy discrimination
- Age discrimination
- Racial discrimination
- Religious discrimination
- Disability discrimination
- Sexual harassment
Individuals may allege that they were subjected to sexual harassment in the workplace and seek compensation. A recent study found the average sexual harassment claims settled out of court for nearly $53,000, while cases that went to trial settled for more than $217,000 on average.
EPL policies respond to allegations from an employee claiming they could no longer tolerate the work environment and was compelled to resign or retire.
Defense coverage for allegations of patient molestation
Unlike other EPL policies, our policy provides supplemental payments for attorney fees and other costs resulting from the investigation or defense before a state licensing board, local dental society or governmental regulatory body regarding allegations of patient molestation.
Human resources consultation
For specific questions and personalized assistance, policyholders are given unlimited access to human resources consultations by phone or online at no charge. This includes convenient access to an online library of information, forms and articles to assist with your HR needs. Our helpline can be used for a variety of personnel issues, including:
- Harassment and discrimination
- Corrective discipline and termination
- Wage and hour regulations
- Family and Medical Leave Act
- Americans with Disabilities Act
- Affordable Care Act
- Access to discounted HR services (background checks and online training modules)
Obtain EPL coverage for your practice.
TDIC Insurance Solutions will help evaluate your EPL insurance needs and tailor a policy to you.
To begin the process of protecting your practice, simply fill out the application linked below and fax it to 866.240.9817 or email to [email protected].
If you have questions, please call us at 800.452.0504. We are here to help.
Employment Protection Application
Employment Practices Liability Business Resource Tools