Why a Construction Company Needs to Have EPLI Insurance

Running a construction company comes with its share of challenges, from project deadlines and safety concerns to managing employees and contractors. One area that often gets overlooked but is critical to your company’s success is protecting against employment-related risks. Employment Practices Liability Insurance (EPLI) is an essential policy for any construction company to safeguard against costly claims from employees or job applicants.

In this blog, we’ll explain why EPLI insurance is vital for construction companies, how to get a tailored quote, and how Lana Insurance Center, Inc. helps hundreds of businesses across the state protect themselves from employment-related risks.

What Is EPLI Insurance?

Employment Practices Liability Insurance (EPLI) covers your business against claims related to employment practices, such as:

• Wrongful termination
• Discrimination
• Harassment (including sexual harassment)
• Retaliation
• Breach of employment contract
• Failure to promote
• Wage and hour disputes

For construction companies, managing a diverse workforce often leads to unique challenges. With employees, contractors, and seasonal workers operating in a high-pressure environment, the risk of employment-related claims is higher than in many other industries.

Why Is EPLI Insurance Critical for Construction Companies?

1. High-Risk Employment Environment
   Construction companies often have large, diverse workforces, including full-time employees, contractors, and subcontractors. Managing such a workforce can increase the likelihood of misunderstandings or conflicts leading to claims.
2. Regulatory Compliance
   Employment laws in Connecticut are strict and complex. Failing to comply with wage laws, overtime regulations, or equal employment practices can result in lawsuits. EPLI insurance helps protect your business from these legal liabilities.
3. Rising Employment Claims
   Employment-related claims are becoming more common across industries, and the construction sector is no exception. From discrimination allegations to wage disputes, even a single claim can result in significant legal costs and settlements.
4. Protection for Leadership
   EPLI insurance not only protects your company but also shields its leadership from personal liability. Owners, managers, and supervisors can all be named in employment-related lawsuits, and having the right coverage ensures their protection.
5. Financial Safeguard
   Without EPLI coverage, defending against employment claims can quickly drain your company’s finances. Legal fees, settlements, and court costs can amount to hundreds of thousands of dollars. EPLI insurance ensures your business is financially protected in such scenarios.

How to Get an EPLI Insurance Quote for Your Construction Company

Securing a tailored construction company EPLI insurance quote is a straightforward process with the right guidance. Insurers will typically require the following information:

• Company size: The number of employees, contractors, and subcontractors you manage.
• Employment practices: Details about your hiring, termination, and workplace policies.
• Claims history: Any previous employment-related claims or lawsuits.
• Nature of operations: Information about the types of construction projects you undertake.

At Lana Insurance Center, Inc., we simplify the process by gathering the necessary details and comparing policies from multiple carriers. This ensures you get the best coverage at a competitive rate, tailored specifically to your business’s needs.

How Lana Insurance Center, Inc. Supports Construction Companies Across Connecticut

For years, Lana Insurance Center, Inc. has been a trusted partner for construction companies in Connecticut. We specialize in providing comprehensive insurance solutions, including EPLI coverage, to protect businesses from employment-related risks.

1. Access to Multiple Carriers
   We work with a wide network of insurance providers, allowing us to find the most competitive construction company EPLI policies.
2. Customized Coverage
   Every construction company is unique, and so are its employment practices. Our team takes the time to understand your operations and tailor EPLI policies to your specific risks.
3. Expert Guidance
   EPLI insurance can be complex, but our experienced agents simplify the process. We help you understand policy options, identify potential gaps in coverage, and ensure you’re fully protected.
4. Proactive Risk Management
   Beyond providing insurance, we assist construction companies in implementing best practices for employment policies. This can reduce the likelihood of claims and potentially lower your insurance premiums.
5. Claims Support
   When employment-related claims arise, having the right support can make all the difference. Lana Insurance Center, Inc. provides hands-on assistance to navigate the claims process efficiently.

What Our Clients Say

Construction companies across Connecticut trust Lana Insurance Center, Inc. for their insurance needs. Here’s what some of our clients have shared:

• “We didn’t think EPLI insurance was necessary until an employee filed a discrimination claim. Thanks to Lana Insurance Center, we had the coverage we needed to handle the situation without financial strain.” – Mark R., Stamford
• “Lana Insurance Center helped us find an EPLI policy that fit our budget and addressed our specific risks. Their team is knowledgeable and always available to answer questions.” – Sarah T., Hartford

Tips for Reducing EPLI Risks

While EPLI insurance is essential, proactive risk management can help minimize claims:

• Create clear employment policies: Document hiring, termination, and workplace behavior expectations.
• Provide employee training: Regularly train staff on anti-discrimination and harassment policies.
• Maintain accurate records: Keep detailed records of employment decisions, performance reviews, and workplace incidents.
• Consult legal professionals: Ensure your policies comply with state and federal regulations.

Lana Insurance Center, Inc. can help you implement these best practices as part of a comprehensive risk management strategy.

Protect Your Construction Company with EPLI Insurance

Employment-related claims can happen to any business, but construction companies face heightened risks due to the nature of their workforce and operations. EPLI insurance provides the protection you need to navigate these challenges while safeguarding your financial stability and reputation.

At Lana Insurance Center, Inc., we specialize in helping construction companies across Connecticut secure the right EPLI coverage. Contact us today to request a construction company EPLI insurance quote and learn how we can help protect your business from employment-related risks.

Don’t wait for a claim to occur—take action today and ensure your business is fully protected!