Protecting your business against possible losses from litigation is a concern for every business owner. An unexpected lawsuit can have devastating financial effects. In order to safeguard your company, you may want to consider purchasing employment practices liability insurance.

Employment practices liability insurance helps to protect your business from losses due to discrimination, sexual harassment, wrongful termination and many other employee-related lawsuits. These types of lawsuits can happen at any company. An estimated three out of five companies will have to face at least one of these types of lawsuits. Even if an employee’s allegations are groundless, this type of insurance provides business owners with peace of mind while fighting the claim. Companies should get coverage as soon as they begin to hire any employees.

Companies that want to learn more about employment practices liability and get a quote, should contact the Lloyd S. Berkett Insurance Agency in Los Angeles.