EPLI – Employers Practices and Liability Insurance

Hiring Employees? Consider EPLI Coverage

Employing people can feel like navigating a legal minefield, particularly with the risk of lawsuits related to wrongful termination, harassment, discrimination, and workplace conditions. Employment Practices Liability Insurance (EPLI) can help protect your business from these risks by covering lawsuits for claims such as:

• Wrongful Termination
• Harassment
• Discrimination
• Employee Benefit Mismanagement
• Career Deprivation
• Wrongful Discipline
• Breach of Contract
• Failure to Employ or Promote

What Can EPLI Do for Your Business?

EPLI helps cover the costs associated with employment-related lawsuits. These policies typically protect both the business and individuals, like company directors, from legal action and unexpected financial burdens. EPLI coverage is often designed to address cases arising from unintentional actions or failures rather than intentional wrongdoing.

Choose the Right Coverage for Your Business

When selecting an EPLI policy, it’s important to understand if court defense costs count toward the policy’s damage payout limit. Be sure to also check for any mention of a claims-made basis, meaning you are only covered if the policy is active both when the incident occurred, during the claim, and when the claim is made.

Reducing Legal and Financial Risks

EPLI – Employers Practices and Liability Insurance helps mitigate the legal and financial risks associated with employment-related disputes, such as claims of wrongful termination, harassment, discrimination, or workplace misconduct. By covering the costs of legal defense, settlements, and judgments, EPLI provides a crucial safety net that ensures your business is not financially crippled by unexpected lawsuits or reputational damage. This coverage protects both the company and its management, allowing business owners to focus on daily operations, strategic growth, and employee satisfaction rather than the stress of potential legal battles. With EPLI, you gain peace of mind knowing your business is safeguarded against costly disputes and unforeseen legal challenges.