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Why you need Employee Practices and Liability Insurance (EPLI)

Business owners of all sizes are vulnerable to claims /suits from their employees. Small Businesses are often the most vulnerable. Why? Because typically small businesses lack a legal department or an employee handbook detailing policies and procedures that guide hiring, disciplining, or termination. Employee Practices Liability Insurance (EPLI) provides coverage to employers against claims made by employees alleging discrimination, wrongful termination, harassment, and other issues such as failure to promote. You’re at risk from the moment you interview a prospective employee. If you chose not to hire them, the individual could allege some sort of discrimination (based on sex, race, age, or disability for example). Or maybe you did hire the individual, and now you need to fire them due to poor attendance. That discharge employee could claim wrongful termination.   If you do not currently have an EPLI policy in place, contact Westrock Insurance to discuss this further with us. It may be as ...

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Are your Personal Articles Covered?

Did you receive a new Jewelry item over the Holidays? Maybe you received a piece of fine art? Either way, do you know if your valuables are appropriately covered in the event of a loss? Your Homeowners/Renters insurance usually has basic coverages for personal property. But high valued items are subject to certain limits when not scheduled.   Many people are under the impression that if an item is valued less than $1,000 they do not have to schedule that item on their policy, or purchase additional coverage for that item. That is not always the case. Items that are not scheduled are subject to deductible and have a set limit that will be paid out regardless of value. When an item is scheduled it is covered without a deductible (unless otherwise requested). Your scheduled items are covered for more than just theft; they are covered for breakage/damage (if you lose a stone that’s covered), mysterious disappearance, and theft.   There are two ways to insure your valuables- The firs ...

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Have You Thought of Insuring Your Bicycle?

As any cyclist knows, the average cost of bikes can be several hundred or thousands of dollars. Standard homeowner’s insurance policies may cover your bicycle, but these have high deductibles and may leave you having to pay nearly all of the out-of-pocket cost of repairing or replacing your trusty bike. In addition, any claims you make for your bike may affect your home’s insurability and future premiums. The logical question is: “Can I get separate insurance for my bicycle?” The answer is yes.

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