Employment Practices Liability Insurance / EPLI
Who should buy Employment Practices Liability Insurance?
Employers of every size need Employment Practices Liability protection. Over 60% of the employee liability claims filed annually are against small employers. And, you are more likely to be sued by an employee than face a property loss (and you wouldn’t consider going without property insurance)
Employers face a growing multitude of serious employment practices liability exposures in their day-to-day interactions with employees.
5 Compelling Reasons why your firm should consider EPLI
Employment Practices Liability Insurance (EPLI) protects businesses against legal defense expenses and damages resulting from wrongful employment practices including discrimination, sexual harassment, wrongful termination and other related workplace issues.
It is estimated that one EPL suit could bankrupt 50% of all small business under 100 employees without Employment Practices Liability Insurance.
Sure you have liability insurance coverage?
Some carriers offer Employment Practices coverage as an endorsement to your professional liability insurance. We recommend caution in relying on such endorsements as they typically do not provide adequate coverage and a claim under your EPL could taint your professional liability record.
Your Business Owners Policy (BOP) may also reference Employment Practices Liability, but this coverage is also typically extremely limited.
Stand-alone Employment Practices Liability Insurance (EPLI) policies are affordable and provide the full coverage to protect your firm.
Anti-discrimination/Anti-harassment guidelines