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EPLI Coverage

Why EPLI Coverage Is Important for Your Business

Employment Practices Liability Insurance safeguards your business from lawsuits alleging discrimination, wrongful termination, sexual harassment, and other employee-related allegations.

Does Your Business Need EPLI?

Employee lawsuits are growing and EPLI settlements are getting more costly. Companies of all sizes are subject to this risk, and your general liability insurance does not typically cover these types of lawsuits. Additionally, legal fees are expensive, even if you are not at fault.

What Claim Types Does EPLI Cover?

This type of insurance covers many kinds of employee lawsuits, protecting you from claims such as:

  • Wrongful termination
  • Sexual harassment
  • Discrimination
  • Mismanagement of benefit plans
  • Failure to promote
  • Wrongful discipline
  • Emotional distress
  • Wrongful demotion
  • Libel or slander/defamation
  • Hostile work environment

What Protection Does EPLI Provide?

Employment-based claims sometimes cost hundreds of thousands of dollars. This specialized coverage helps cover EPLI settlements, judgments against your business, and defense costs against the claims.

How Much Does EPLI Cost?

Insurance companies consider the type of business, the number of employees, the turnover rate, and the claims history when determining the premium rates. Consult an insurance agent with EPLI experience as well as knowledge of your industry for the best results.

Business owners face significant liability with these types of employment practice claims. If your firm has employees, you should have EPLI coverage.