by Grant Davis | Business Insurance, GDI Insurance, Insurance
Grant Davis with GDI Insurance Agency, Inc. here.
You’re Thinking of Starting a New Business and That’s Great.
One of the troubles is of starting a new business, of course, is you have to buy business insurance. You have to get general liability insurance. If you’re going to have employees, you need workers comp insurance. As well as an employee handbook and employment practice liability insurance.
If your new business will have cars you need commercial vehicle insurance. If you have equipment or tools you will need to insure those as well. If you have a business, like an office, or if you have a warehouse, you will have to insure all of that also. There’s one more thing you have to do.
You’ve to be in compliance with government regulations, which means, if you’re going to have employees, you are going to have to have a safety program and it’s going to have to be OSHA compliant.
How about this for a deal? What if GDI Insurance Agency, Inc. packaged it all together for you?
What if GDI Insurance Agency, Inc. gave you an HR program with access to a real attorney you can call and ask questions to help you do your employee manual? What if we also gave you a wellness plan, GDI helped you with your employee benefits, GDI gave you OSHA compliance and safety programs, GDI Insurance Agency, Inc. helped you with all of that. We will also give you your 300 logs that you have to keep in case there’s an accident or an incident.
GDI will give you a fleet safety program, so if people are driving around your vehicles, they know how to be safe.
If GDI Insurance Agency, Inc. does all of that for you for free and helped you get our basic insurance policies together, we can get your insurance policies in most cases for less than you would pay just for your employee manual.
We can do all of that for you. We’re automated, we’ll just give it to you. It’ll drip right to you, you take it, it’s in a Word document. You got an attorney to call to help you finish it up and you’re in business, and you’re in compliance and in business, and you don’t have to worry about somebody taking everything from you, because you’ve got the right insurance and you’re in compliance, you’re doing things the right way. We’re here to help you, just call us at 888-991-2929,
A very simple phone call, very simple to get everything you need to start a business and to get your business insurance and all the other compliance issues you need all at one stop. You don’t have to pay for all of this stuff, we have it for you for free. Just call us and let us help you with your insurance and we’ll give it all to you. Thank you very much. Grant Davis.
That’s right all your compliance issues given to you with insurance for less than you likely would pay just for a great HR system! All you have to do is call GDI at 888-991-2929 and one of our brokers will help you get started!
by Grant Davis | Business Insurance, Employment Practices Liablity, Insurance
Why Do I Need Employment Practice Liability Insurance Policy?
Sorry every once in awhile I will write about an
unhappy stressful topic.
Warning!!! This is an upsetting blog about true
things that just shouldn’t be!
EPLI or Employment Practice Liability Insurance is one of those “let’s not talk about it, and hope it goes away topics”!
As a business owner, we all strive to hire qualified employees to work for us. Unfortunately, as you are well aware, not every hiring decision goes as planned. Even if an employee is a good employee and does a great job, or has to be terminated for a legitimate reason such as poor attendance or unsatisfactory work habits every termination opens the door for potential lawsuits. The funny or not so funny thing such as in the example I am sharing with you the terminated “bad employee” wasn’t the one that brought the suit. It was the “good hard working employee”! This is exactly “Why do I need Employment Practice Liability Insurance” question gets asked.
Many times it is employment practice liability insurance (EPLI) that stands between you, and some things that just shouldn’t be. After almost 4 decades of working with business owners, and owning a business myself I can tell you how sometimes it is actual the ones you care the most about that you need help and protection from. So you and your organization can be saved from costly, frivolous lawsuits
To make my point check this story out! Unbelievable!
When, a business owner, received a complaint that a sales manager (male employee) made crude, disparaging remarks to a female employee during a trade show, the claim was taken very seriously. An investigation was conducted. During the course of the investigation, the owner spoke with another employee (A good hard working “team member” employee) who witnessed the incident firsthand. According to this employee, the sales manager’s actions were offensive and harassing. Ultimately, after much deliberation, the owner fired the sales manager for his behavior. Even after consulting an Attorney specializing in HR issues during the investigation and before taking action. In other words everything was done right. But here is what happened next!
Weeks later, the (Good hard working team member employee) that witnessed the incident sued the owner for $500,000, claiming that after the incident, the owner had passed her up for promotion and assigned her a poor sales territories, all because she came forward with the details of what happened at the trade show. Although the lawsuit was groundless, the business owner racked up hefty legal bills defending against the allegation. Can you believe that? If not I can give you more examples of how ridiculous this can be.
Lawsuits like the one this business owner faced can come out of left field and are much more common than you’d think. In fact, three out of five employers will be sued by a prospective, current or former employee while they are in business. EPLI can help mitigate these risks by providing the necessary resources to defend your company against a lawsuit or pay a claim.
As costs for litigation and damage awards climb, experts predict that employment liability will only become more complex.
For more information visit GDI’s EPLI Page by clicking here: Fill out a few quick questions and we can get you a quote in a 1-2 days. We can go faster also, but as insurance brokers we represent many companies so always strive to get you the right coverage at the lowest costs. While some sites will offer instant quotes they offer those quotes from one company. Every client is different so matching you with the right company is how we help to keep your cost down.
Or just call your GDI Insurance Agency broker 888-991-2929 for more information and help today!
We will help you learn more about EPLI and discuss your employment-related risks.
PS. (Secret Free Gift Worth Thousands!) Just ask and we will give you a free employee manual with access to an HR attorney to help you fill in the blanks!
We also will set you up on your own company HR portal all for free with no obligation. GDI cares and wants to help. Yes we sell insurance and would love to handle yours.
But we don’t need to do that to help you with this issue. All you have to do is just ask. We will do more to help than you will believe for anyone that asks for our help!
“If you have employees, you will get sued.” Grant Davis..
