Employment Practices Liability Insurance
For Smart Businesses:
What Is An Employment Practices Liability Insurance Policy? EPLI is an insurance policy that provides protection for a business, organization or individual in the course of acting as an employer. It provides liability coverage from many types of lawsuits against the business or employer by an employee, such as:
-Sexual harassment
-Discrimination
-Wrongful termination
-Breach of employment contract
-Negligent evolution
-Failure to employ or promote
-Wrongful discipline
-Deprivation of career opportunity
Who Needs EPLI? There is an inherent risk to being an employer. Once the business makes it's first hire, purchasing an EPLI policy should be considered.
Why Purchase an EPLI Policy? Employment related claims are typically excluded from standard businessowner policies or commercial package policies as well as workers compensation policies. There doesn't have to be malintent by an employer or business for the business to be sued. A business can be innocent of the accusation but an employee may still make a claim. The insurance policy can cover legal fees and any settlement,up to the policy limit. Without the coverage in place, the business could be responsible for exorbitant legal fees as well as any settle or damages if proven.
