What is Employment Practices Liability Insurance (EPLI)?
EPLI protects businesses against allegations by employees that their legal rights under federal and state anti-discrimination or harassment laws have been violated.
The number of employment-related claims has been steadily on the rise, as is the potential financial risk to your business. In the face of this increased risk, it is also more likely that your current insurance excludes coverage for employment-related claims.
No company is immune to Employment Practice lawsuits, and defending a wrongful termination, sexual harassment or discrimination claim is very expensive, whether you’re guilty or innocent, and even if the claim is found to be fraudulent. All it takes is an allegation of a wrongful act and the company could end up spending thousands of dollars in legal expense to dismiss the allegation.
EPLI policies pay the legal costs to defend your company and any judgments or settlements. Employment Practices Liability Insurance will generally protect you from lawsuits alleging:
The costs of battling a lawsuit in court are staggering, whether you win or lose. Rather than face these unexpected costs, EPLI protection can be purchased to protect your business and your assets. The cost of EPLI coverage depends on your type of business, number of employees, and various risk factors, such as whether your company has been sued over Employment Practices in the past.
Along with an EPLI policy, prevention is the best method to avoid a lawsuit, so be sure to train your managers and employees to minimize problems in the first place:
We can find discounts on EPLI insurance you may not find on your own. Give us a call, or get an EPLI insurance quote online today.
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We have a customer, Al S. from Bothell, who went through a few different claims issues...
February 13, 2012
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