Employment Practices Liability Insurance and Cyber Liability Policies are in high demand. Meslee provides customized insurance policies to protect businesses.
Online PR News – 31-July-2014 – Los Angeles, CA – Meslee Insurance Services recognizes trends in business tendencies, active lawsuits, claims, and crime statistics; based on findings, Meslee expands their services to offer valid, relevant coverages for small and large businesses alike. Currently, two of the highest trending insurance policies for corporations are Employment Practices Liability Insurance (EPLI) and Cyber Liability Policies in LA. Keeping up with loss trends combined with the ability to provide customized coverage options and policies from a variety of insurers, Meslee Insurance Services provides up-to-date risk management services pertinent to corporate demands and today’s business landscape.
Employment Practices Liability Insurances, also known as EPLI, is a policy that protects a company’s assets and finances from employees or interviewees that unjustly claim to have suffered from discrimination of any kind, including but not limited to race, gender, age, sexual orientation, sex, religion, disability, or creed. EPLI may cover claims of sexual harassment from company management or employees, wage and hour claims, libel, slander, defamation, assault, negligence, supervision, or invasion of privacy. Californian EPLI policy premiums are determined in part by the number of employees in a company, the employees’ turnover rates, and whether the company has received any similar lawsuits prior to the purchasing of insurance. Other important factors include limits and retention chosen, type of business, experience with internal controls such as staff training and education, review of employment policies & procedures, existence of an HR department, use of employee handbooks and company procedures for handling employee related complaints.
Another trending insurance service for virtually every business, especially companies that conduct business online, is Cyber Security Liability insurance. In the last decade, the business world has vastly expanded over internet platforms, putting digital assets at a higher risk. Companies utilize drop boxes, cloud servers, accessible wireless routers, and more. Oftentimes, even with the best protection, professional hackers may breach firewalls and data barriers to access protected information. Depending on the policy wording, Cyber Liability Policies may cover costs associated with restoring a business’s image and reputation after breach of network security, cyber extortion, cyber terrorism. Most commonly, coverage is designed to indemnify the company for additional expenses incurred to notify customers.
Purchasing Cyber Liability Insurance may protect against first and third parties and the accrued damages, such as: security liability, website liability, libel, slander, copyright, and harm to data, just to name a few.
Regarding the demand for trending insurance policies, CEO and owner of Meslee Insurance
Services, Ben Meskin proudly provides insurance services for virtually every business owner’s needs. “Over the past several years, the claim scenarios, publications and rumors of fraudulent law-suits spreading amongst business owners have many of them flocking to purchase EPLI Coverage. EPLI claims are rising exponentially and are now seemingly as common as workers compensation claims in LA. Many owners have lost entire fortunes and are forced to close down due to these types of claims. Often, we find that business owners overlook the need for this coverage because they feel they are not prejudiced and would not discriminate; however, they fail to think about employee-employee relationships and how the business gets dragged into lawsuits even when the complaint is not directly related to an owner. After all, the company is responsible for creating a comfortable work environment. Further, owners must become knowledgeable about EPLI products and the differences in policy wording and coverage from carrier to carrier. Are wage and hour disputes covered? How about third party liability? What is a Hammer Clause and how does that affect a claim scenario? Simply purchasing any policy is not enough. The ins and outs of these policies are intricate and should be discussed with a professional insurance brokerage so that they can be properly tailored to each business setting.”
About Meslee Insurance Services
Originally established in 1990, Meslee Insurance Services, otherwise referred to as Meslee, began offering specialty insurance to clients, but quickly expanded the repertoire of insurance services to accommodate individuals and businesses alike. Meslee Insurance Services is a full service brokerage located in the heart of the financial District of Downtown Los Angeles.
In order to provide comprehensive services, Meslee’s insurance agents offer risk management and financial consultations. Through personalized life insurance, home- owners insurance, personal umbrella insurance, auto-insurance, natural disaster insurance, and other types of personal insurance policies, Meslee strives to meet the needs of its clients. For corporations, large and small, Meslee works to provide specific policies, depending on industry and location, including: different types of Employee Practices Liability Insurance, Cyber Security Liability Insurance, Business Liability Insurance, and Business Crime Insurance for a variety of retailers, wholesalers, distributors, and manufacturers. Meslee Insurance Services has experienced rapid growth and an impeccable reputation since its inception, and continues to offer reliable services.