Employment Practices Liability Insurance (EPLI)

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Employment Practices Liability Insurance

Employment practices liability insurance (EPLI) is a form of coverage designed to protect a business in the event that accusations of unfair, wrongful, or inappropriate action are raised by a current, former, or prospective employee. Creating a fair workplace where all employees are given equal opportunities to earn and perform should be a priority for any company. But no matter how hard a business might try to cultivate that type of environment, issues can still arise between employees and superiors that lead to legal and financial consequences. EPLI helps to cover the legal costs and other fees associated with these kinds of issues and is an important consideration for any business with employees or that is planning to bring on employees. You can get a free rate comparison for your business today by using our LaunchPad quote tool.

Employment Practices Liability Examples

Situations where EPLI may be applied can include actual or alleged instances of:

  • Sexual harassment
  • Discrimination
  • Wrongful termination
  • Wrongful failure to promote
  • Wrongful/inappropriate disciplinary action
  • Retaliatory action
  • Breach of contract
  • Mismanagement of benefits
  • And other related issues
Many think that only large companies with multi-tiered leadership need EPLI. But while those companies may have comprehensive EPLI policies with high limits in place, they also typically have legal teams and funding capable of handling employment issues without leveraging their insurance. Businesses at greater risk are smaller companies without the budget to handle things like discrimination suits and might not even be aware of some of the exposures they face. The following are examples of cases where a business may be exposed to employment liability:
  • As you may have read above, a person doesn’t have to be an employee to accuse a business of unfair employment practices. A business faces exposure the moment they agree to interview a candidate for a position.
  • An employee can file suit alleging miscalculation of wages or failure to provide promised compensation like overtime pay.
  • A worker having a negative relationship with a superior may be terminated for unrelated reasons but still file a lawsuit because of their personal experience.
  • A company could unknowingly fail to comply with new or developing regulations that affect one or more of their employees.
While many instances of employment violations or the perception of violations can be avoided by staying educated on laws and regulations while promoting a healthy workplace culture, it’s also important to have the right insurance policy in place. To receive a free consultation on employment practices liability insurance, fill out our quote request form. Our service team will connect you to a qualified insurance professional that can answer your questions and guide you toward a policy with the limits and protections you need at a price you can afford.

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