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Employment Practices Liability Insurance (EPLI) is a type of insurance designed to protect businesses from claims made by employees, former employees, or potential employees related to their rights in the workplace. These claims can include accusations of discrimination, wrongful termination, harassment, retaliation, and other employment-related issues.
What Does EPLI Cover?
- Discrimination Claims
EPLI covers claims made by employees alleging discrimination based on race, gender, age, sexual orientation, disability, religion, or other protected categories under federal, state, or local law.
- Sexual Harassment Claims
It covers claims where an employee alleges that they were the victim of sexual harassment by a coworker, supervisor, or even a customer.
- Wrongful Termination
EPLI protects against claims that an employee was wrongfully fired or laid off in violation of their employment contract, company policy, or labor laws.
- Retaliation Claims
This includes lawsuits where employees claim they were retaliated against for engaging in legally protected activities, such as whistleblowing, filing a complaint, or taking family leave.
- Failure to Promote or Hiring Decisions
EPLI can cover claims related to an employee or job applicant feeling they were unfairly denied a promotion or job opportunity.
- Wage and Hour Claims
EPLI can extend to claims regarding violations of wage and hour laws, like unpaid overtime or failure to provide required breaks.
- Breach of Employment Contract
If an employee sues for breach of an employment contract (e.g., non-compete agreements, severance packages), EPLI can cover legal expenses.
Why is EPLI Important?
- Rising Employment-Related Claims
In today's business environment, employees are more aware of their rights, and the number of employment-related lawsuits has increased in recent years. Even if a company practices good management, it can still face a lawsuit due to an employee misunderstanding or conflict.
- Expensive Lawsuits
Employment-related lawsuits can be costly. Legal fees alone can run into the thousands, and settlements or judgments could be far higher. Without EPLI, these costs would have to be paid out of pocket.
- Protects Business Reputation
Employment lawsuits, even if not upheld in court, can damage your company's reputation. EPLI helps you respond appropriately and manage the fallout of these claims.
- Legal Complexity
Employment laws are complex and constantly changing. EPLI helps businesses stay protected from claims that result from misunderstanding or non-compliance with these laws.
Why Choose Us?
In short, EPLI is an essential coverage for businesses to have because employment-related claims can be costly, complex, and damaging to your business. With the right EPLI policy, you’re better equipped to handle such claims and minimize financial and reputational risks.
Do you want more details about how to get EPLI or if it’s the right fit for your business? Call us today.