Employment Practices Liability Insurnace (EPLI)
Your EPLI policy is probably more likely to trigger than any other type of insurance policy - this is especially true for small businesses.
Employment practices liability insurance (EPLI) is one of the most talked about types of insurance - for a good reason.
EPLI claims are causing devistating financial damages to employers of all sizes.
EPLI covers claims that result from things like:
- Wrongful termination
- Failure to hire
- Failure to promote
- Sexual Harassment
- Hostile Work Environment
EPLI may also include a sublimit for wage and hour claims. This sublimit covers attorney costs (up to a specified limit) for claims that result from:
- Failure to provide lunch breaks
- Failure to pay overtime
Wage and hour sublimits do not cover restitution to employees.
It's often stated that an EPLI claims costs a minimum of $50k just to get to court. Once the case is taken to court, the amount increases significantly.
Transfer your risk to an insurance carrier. A policy will be tailored to your business.
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if you do not have employment practices liability insurance (EPLI) we strongly recommend that you consider purchasing a policy.