Employment Practice Liability Insurance – EPLI

umbrella insurance coverage

Employers are being sued by their employees at an increasing rate, and defending against those lawsuits and the cost of judgments or settlements can put a serious dent in a company’s finances.

 

If you have employees, you should consider securing EPLI in case your company is sued for:

  • Wage and hour violations
  • Discrimination
  • Harassment
  • Retaliation, or
  • Unlawful termination.

Small- to mid-sized employers are commonly the most vulnerable to these charges because they often lack a large human resources department that keeps checks on potential risks, as well as a legal department that can guide a business when hiring, disciplining or terminating employees.

The cost of EPLI coverage will depend on:

  • How many employees you have
  • Whether your company has been sued by employees in the past
  • Employee turnover, and
  • Whether you have established rules and practices in place, including an employee handbook.

EPLI can be purchased as an endorsement to a business owners policy or a general liability policy. Also, a specific stand-alone policy can be written in conjunction with a business owners policy.

Leaders Choice can work with you to evaluate your exposure and find the coverage that best suits your organization.

 

Click Here For An Employment Practice Liability (EPLI) Quote