Employment Practices Liability Coverage (EPLI)


What is Employment Practices Liability Insurance?


Throughout the United States, the number of lawsuits that are being filed against employers is increasing. Whether you operate a large or small business, you should take measures to protect your company from employee lawsuits. Employment Practices Liability Insurance protects companies against the following types of actions.
Discrimination
Sexual Harassment
Wrongful Termination
Negligent Evaluations
Wrongful Discipline
Mismanagement of Employee Benefit Plans
Deprivation of Career Opportunity
Who Needs Employment Practices Liability Insurance?
One lawsuit could put your business in jeopardy. Large and small businesses should be protected by Employment Practices Liability Insurance.

How Does It Work?
Your cost for Employment Practices Liability Insurance is based on company risk factors, the number of employees, and the type of business. If you have to defend your business against a lawsuit, Employment Practices Liability Insurance pays for the judgment amount, court costs, attorney fees, and settlements.

Types of Employment Practices Liability Coverage
Employment Practices Liability Insurance covers a variety of claims. This includes:
Third-Party Action
Dual-Capacity Suit
Loss of Consortium
Consequential Body Injury

If an employee who is on worker’s compensation sues your company, Employment Practices Liability Insurance provides coverage.

Benefits of Employment Practices Liability Insurance
Lawsuits can happen at any time. Even if an employee files a frivolous lawsuit, your company is required to respond through your local courts.

Attorney fees can cost hundreds of dollars per hour. Without proper protection, employee lawsuits could bankrupt your company.

The primary benefit of Employment Practices Liability Insurance is to protect your company’s financial assets. Without this type of insurance, your company is vulnerable to employee claims.

Interested in learning more about Employment Practices Liability Insurance? Contact an insurance agent to find out how your company can benefit from this insurance.