Employment practices liability insurance that stands up against claims.
Businesses must be protected in the event of an employment dispute claim by a former or current employee.
EPLI Coverage
Allegations of workplace discrimination, privacy invasion, and other intentional and unintentional infractions on the part of the business are often assumed to be covered under a standard General Liability or Worker’s Compensation insurance policy. However, this type of coverage is actually provided by a separate type of insurance policy that is known as Employment Practices Liability Insurance (EPLI).
EPLI covers costly fees associated with defending your business against employment-related claims during the different phases of the employer/employee relationship. These include the job search, recruitment, hiring process, onboarding, employment, promotions, resignations, and terminations. Owners, directors, and other officers of the business are liable for allegations brought forth by full-time, part-time, temporary, and seasonal members of the workforce.
Companies that defend themselves against employment-related claims can experience an average financial burden of nearly $150,000. That’s one reason why it’s important to secure an EPLI policy to provide adequate coverage for fees and damage costs associated with potential claims.
Common Allegations
Sexual harassment
Privacy invasion
Defamation
Retaliation
Mismanagement of benefits
Wrongful termination, discipline, or demotion
Negligence related to hiring, promotions, or compensation
Discrimination based on age, gender, race, religion, or other protected class
