What is employment practices liability insurance (EPLI)?
EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated. The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, some insurers provide this coverage as an endorsement to their Businessowners Policy (BOP). An endorsement changes the terms and conditions of the policy. Other companies offer EPLI as a stand-alone coverage. EPLI provides protection against many kinds of employee lawsuits, including claims of: • 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 plansThe cost of EPLI coverage depends on your type o
EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated. The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, some insurers provide this coverage as an endorsement to their Business Owner’s Policy (BOP). An endorsement will change the terms and conditions of the policy. Other companies offer EPLI as a stand-alone coverage. EPLI provides protection against many kinds of employee lawsuits, including claims of: • 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 The cost of EPLI coverage depends on your
Chosen by Asker It is kind of self-explanatory. It is insurance that protects the employer from claims resulting from various improper employment practices. Some examples would be: Age, gender and other forms of discrimination Invasion of privacy Improper interpretation of employment regulations Sexual harassment Slander or libel Mismanagement of employee benefits programs Negligent hiring, promotion and compensation decisions Breach of employment contract Emotional distress/mental anguish Wrongful discipline and termination Failure to properly train or supervise This list is not intended to be all-inclusive and may vary by state and company. It is these types of exposures that an EPLI policy is for.
Related Questions
- I currently have other insurance policies that are facilitated by Gevity – for example, my Employment Practices Liability Insurance (EPLI). What happens to that coverage?
- What is Employment Practices Liability Insurance (EPLI) and why should my company have it?
- What is employment practices liability insurance or EPLI?
