EPLI Insurance
Employment Practices Liability Insurance (EPLI) offers crucial protection by covering businesses against claims made by employees alleging violations of their legal rights within the workplace.
Expert Guidance
Employment Practices Liability Insurance (EPLI) is a fundamental aspect of risk management in today's workplace, and we're here to offer tailored solutions to understand the policy's and keep your clients business safe.
EPLI overview
EPLI Insurance, short for Employment Practices Liability Insurance, shields businesses from the financial fallout of employee lawsuits. These lawsuits can encompass various allegations, including sexual harassment, discrimination, wrongful termination, breach of employment contract, negligent evaluation, failure to employ or promote, wrongful discipline, deprivation of career opportunity, wrongful infliction of emotional distress, and mismanagement of employee benefit plans.
What EPLI insurance covers:
EPLI Insurance, short for Employment Practices Liability Insurance, shields businesses from the financial fallout of employee lawsuits. These lawsuits can encompass various allegations, including sexual harassment, discrimination, wrongful termination, breach of employment contract, negligent evaluation, failure to employ or promote, wrongful discipline, deprivation of career opportunity, wrongful infliction of emotional distress, and mismanagement of employee benefit plans.
EPLI insurance Faq
What does EPLI stand for?
Employment practices liability insurance
What's a good example for a business that needs EPLI insurance?
A company has recently hired a significant number of employees to meet the demands of expanding projects and new clients. With more employees, there is an increased risk of employment-related disputes, such as allegations of wrongful termination, discrimination, or harassment.
When is EPLI Insurance Necessary?
EPLI Insurance is essential for businesses of all sizes, as the number of employee lawsuits continues to rise across industries. While larger corporations often face such legal challenges, smaller companies are not immune. Recognizing this need, insurers now offer EPLI coverage either as an endorsement to Businessowners Policies (BOP) or as standalone coverage, adjusting the terms and conditions of the policy to include protection against employee-related claims.