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The most important insurance needed for restaurant owners



Employees who sue their employers are becoming more common nowadays. Unfortunately, many employees use this right incorrectly and file lawsuits when it is not even justified. That's why, whether you are a franchisee or an independent restaurant owner, you may need EPLI coverage to protect your business.

Nowadays, more and more restaurants are using the use of EPLI coverage. We understand why this is so important to your company, and in this article we will explain why you should invest in it.

What is liability insurance for employment practices?

EPLI is a form of professional liability insurance that protects your company against any legal action that may arise as a result of an employee suing the company. This includes:

  • Unfair dismissal
  • Sexual harassment
  • Unfair dismissal
  • Discrimination
  • Defamation
  • Deprivation of career opportunities [08] 6509 to promote [08] 6509 more [08] 6509 ] EP An EPLI policy will pay out if you are found to be responsible for any of these requirements. It will also pay for the expenses incurred during the court proceedings, such as litigation and court fees. This will ensure that your restaurant does not suffer any losses while fighting this battle.

    Why should you get an EPLI policy?

    In 2019 alone, over 72,000 prosecutions were brought to the Equal Employment Opportunity Commission (EEOC). This shows how common it is for companies, even small ones, to be sued by their former or current employees in the situations mentioned above.

    Dealing with such lawsuits and dealing with court fees alone can take a great deal of the time and money that should have been spent on growing your restaurant. And then, if you lose the case, you will stop paying even more money.

    These things can be easily avoided with the help of the help of EPLI and you can be sure to know that your restaurant won not fall under the heat from furious employees.

    How much does EPLI coverage cost?

    The cost of EPLI coverage varies from company to company and depends largely on a few factors. Some of these include:

    • Number of employees
    • Number of years you have been active
    • Your place and industry
    • Your type of business
    • The size of your payroll in general [19659015] The cost of an EPLI- policy goes up to $ 5,000 per year. However, small restaurants can get a policy for usually around $ 1000 per year.

      Over to you:

      Whether you own a restaurant or a franchise, it is important to have an EPLI policy to protect your business from allegations of harassment and misconduct by employees.

      If you do not already got it. an EPLI policy, now is the time to do so. It can save you a lot of headaches in the long run, including wasting money, time and even damaging your company's reputation.

      Feel free to contact Paradiso Insurance to get a comprehensive breakdown of EPLI insurance and the type of insurance. for your restaurant.


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