EPLI Info for Small Businesses:
· Statistics confirm an employer is more likely to have an employment claim than a property or general liability claim.
· The average amount paid for out-of-court settlement is $40,000.
· Defense of the average EPLI case, through trial, costs over $45,000.
· The median compensatory award in EPLI cases is $218,000.
· 67% of all employment cases that litigate, result in a judgement for the plaintiff.
· 10% of awards in cases involving discrimination and wrongful termination are in excess of $1,000,000.
· Six out of ten employers have faced employee lawsuits within the last five years.
It's said that 41% of all EPLI claims are brought against small employers consisting of 15 to 100 employees.
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