Employment Practice Liability Insurance

Employment practice liability insurance, known in the trade as EPL insurance or EPLI. Hence, it provides coverage to employers against claims made by employees. It is a type of liability insurance that may cover your legal costs if your business is sued by an employee. Employment practice liability insurance covers legal defense costs. Moreover, any settlement an employer might have to make at the end of the legal process. The policies cover directors and officers, management personnel, and employees as insureds.

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Why a Business Should Buy Employment Practices Liability Insurance

Employee claims of discrimination, harassment, and retaliation filed by employees against their employers have been rising. Employment disputes are often inevitable. With high-stakes lawsuits posing a serious risk to any business with employees, can your business really afford to not carry the right coverage? Although it’s not a legal requirement for a company to have EPLI insurance, it may be a good idea given the rising volume and costs of employment practices litigation.

While most suits are filed against large corporations, no company is immune to such lawsuits. Small or new businesses are often the most vulnerable to employment claims because they usually lack a legal department or employee handbook detailing the policies and procedures that guide hiring, disciplining or terminating employees.

Choose EPLI from BILA

You can prevent your business from experiencing financial or reputation loss with the right coverage. That’s where insurance coverages, such as employment practices liability insurance (EPLI), come into play. In other words, don’t wait until it’s too late to look into EPLI.

Some claims covered by employment practices liability insurance include:

  • Sexual Harassment
  • Discrimination
  • Wrongful Termination
  • Invasion of privacy
  • Breach of Employment Contract
  • Failure to Employ or Promote
  • Deprivation of career opportunity
  • Mismanagement of Employee Benefit Plans
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