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What to Know About Employment Practices Liability Insurance

Employment Practices Liability Insurance

From implementing workplace safety guidelines to holding frequent trainings, as business owners we do the best we can to keep our employees safe from harm. However, there are times in which employees are within their rights to file lawsuits against their employers. In this case, it’s important that businesses have Employment Practices Liability Insurance (EPLI).

What is Employment Practices Liability Insurance?

Employment Practices Liability Insurance is a policy that protects businesses from employment claims. Large corporations typically have a substantial EPLI coverage, but small businesses are uniquely vulnerable as they typically lack a legal department or handbook detailing various employment practices. 

Types of claims that EPLI can provide protection against:

  • Sexual harassment
  • Discrimination
  • Wrongful termination
  • Breach of employment contract
  • Negligent evaluation
  • Failure to employ or promote
  • Wrongful discipline
  • Deprivation of career opportunity
  • Wrongful infliction of emotional distress
  • Mismanagement of employee benefit plans

As is with any other type of business risk, prevention is your best protection method – and the best way to do this is by properly insuring your business. To find out more about EPLI, or about your current risks, reach out to us here. We’d love to help!