Employment Practice Liability Insurance
Employment Practice Liability Insurance provides coverage to employers against claims made by employees. Employees can be a company’s most valuable asset and one of its most significant liability risks. When employees believe they have experienced harm somehow, they may file a lawsuit. And this is a danger that all businesses with employees, no matter how large or small, face. EPLI or Employment Practices Liability Insurance covers a wide range of employment-related claims.
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.
Whether a Smaller or Larger Business, You Need To Have 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.
Choose EPLI from Business Insurance Los Angeles
With the right coverage, you can prevent your business from experiencing financial or reputation loss. That’s where coverages, such as Employment Practices Liability Insurance (EPLI), come into play. In other words, please don’t wait until it’s too late to look into EPLI. Contact us at 844-234-5600.
Some claims covered by employment practices liability insurance include:
The expense of EPLI coverage relies upon your kind of business, the number of employees you have and different risk factors. For example, regardless of whether your organization has been sued over employment practices previously. The policies will repay your organization against the expenses of shielding a claim in court and for settlements and judgments.
List of Employment Practice Liability Coverage:
- Sexual Harassment
- Wrongful Termination
- Invasion of privacy
- Breach of Employment Contract
- Failure to Employ or Promote
- Deprivation of career opportunity
- Mismanagement of Employee Benefit Plans