Why a Construction Company Needs to Have EPLI Insurance

Running a construction company is no small feat. From managing teams to overseeing projects, the risks are as varied as they are significant. While many construction businesses are vigilant about securing general liability and workers’ compensation insurance, there’s one type of coverage that’s often overlooked but equally essential: Employment Practices Liability Insurance (EPLI).

This specialized policy protects your construction business against claims related to employee rights, which can include discrimination, harassment, wrongful termination, and more. In this post, we’ll explore why every construction company EPLI coverage is a must-have, how to get a quote, and how I24 Insurance has become the go-to partner for construction businesses seeking reliable protection.

What Is EPLI Insurance?

Employment Practices Liability Insurance (EPLI) protects employers from claims made by employees, former employees, or even job applicants regarding their employment rights. This coverage is particularly relevant for construction companies, where large workforces and dynamic job sites can create complex employment issues.

EPLI policies typically cover claims such as:

  • Discrimination: Based on race, gender, age, religion, or other protected characteristics.
  • Harassment: Including sexual harassment and hostile work environment claims.
  • Wrongful Termination: Claims that an employee was fired without just cause.
  • Breach of Employment Contract: Allegations that contractual obligations were not met.
  • Retaliation: Claims related to whistleblower protections or grievances.

Why Does a Construction Company Need EPLI Insurance?

1. High Employee Turnover

The construction industry often experiences high employee turnover due to the seasonal nature of work and project-based employment. This turnover can lead to a higher risk of claims, particularly for wrongful termination or discrimination.

2. Diverse Workforce

Construction sites often employ a diverse range of individuals. While this diversity is a strength, it also increases the likelihood of misunderstandings or perceived discriminatory practices, making construction company EPLI coverage vital.

3. Evolving Employment Laws

Employment laws are constantly changing, and it can be challenging for construction businesses to stay compliant. EPLI provides a safety net if an employee alleges your company has violated their rights.

4. Claims Can Be Costly

Even if a claim is unfounded, the cost of defending your company in court can be astronomical. EPLI covers legal fees, settlements, and judgments, ensuring your business isn’t financially devastated by a single claim.

What Does EPLI Insurance Cover?

A typical EPLI policy covers:

  • Legal Defense Costs: Attorney fees, court costs, and other legal expenses.
  • Settlements and Judgments: Payments required to settle a claim or comply with a court judgment.
  • Claims Investigation: Costs associated with investigating the claim.

It’s important to note that EPLI generally does not cover punitive damages or intentional acts of wrongdoing.

How to Get an EPLI Insurance Quote

Securing an EPLI policy for your construction company starts with getting a quote. Here’s how to ensure you receive accurate and competitive rates:

Step 1: Evaluate Your Risk

Assess your company’s employment practices, including hiring, training, and termination procedures. This will help determine your risk level and the coverage you need.

Step 2: Gather Company Information

When requesting a quote, you’ll need to provide details about your business, including:

  • Number of employees.
  • Annual revenue.
  • Past employment-related claims, if any.

Step 3: Compare Quotes

Work with an insurance provider like I24 Insurance to obtain multiple quotes. Comparing policies helps ensure you get the best value for your coverage.

Step 4: Ask About Policy Details

Not all EPLI policies are the same. Ask about coverage limits, exclusions, and optional add-ons to tailor the policy to your needs.

How I24 Insurance Helps Construction Companies

I24 Insurance has extensive experience helping construction companies across the state find the right EPLI coverage. Here’s why hundreds of businesses trust us with their insurance needs:

1. Industry Expertise

We understand the unique challenges construction companies face when it comes to employment practices. Our team will guide you in selecting a policy that aligns with your business operations and risk profile.

2. Multiple Policy Options

As an independent agency, we work with top-rated carriers to provide a range of construction company EPLI policies. This means you’ll receive competitive quotes and options tailored to your specific needs.

3. Cost-Effective Solutions

We prioritize finding you the best coverage at the most affordable rates. Our agents will explore discounts and cost-saving strategies without compromising on protection.

4. Comprehensive Support

From getting a quote to managing claims, I24 Insurance offers end-to-end support. We’re committed to helping you navigate the complexities of EPLI insurance with confidence.

5. Peace of Mind

With I24 Insurance, you can focus on growing your construction business, knowing you’re protected against unexpected employment-related claims.

What Our Clients Say

“I24 Insurance helped us find EPLI coverage that was perfect for our construction business. They explained everything clearly and made the process so simple. Highly recommend them!” – Mike, Manchester, NH

“Our company faced a discrimination claim last year, and having EPLI coverage through I24 Insurance saved us from financial disaster. Their team was incredibly supportive during the entire process.” – Sarah, Concord, NH

Protect Your Construction Business Today

The construction industry is full of opportunities, but it also comes with its share of risks. Employment-related claims can arise unexpectedly, and the financial and reputational damage they cause can be devastating.

Investing in EPLI insurance is a proactive step to safeguard your business. With I24 Insurance by your side, getting a tailored construction company EPLI policy has never been easier. Contact us today for a personalized quote and let us help you protect your business, employees, and peace of mind.

Don’t wait until it’s too late—secure EPLI insurance for your construction company today. Call I24 Insurance, visit our website, or stop by our office to learn more about how we can help you stay protected and prepared.