Employment Practice Liability Insurance

Employment practices liability insurance (EPLI) is a type of insurance that covers an organization against claims made by employees alleging discrimination, harassment, wrongful termination, or other employment-related issues. This insurance can help protect an organization from financial loss and legal fees associated with such claims.

What Does Employment Practice Liability Insurance Cover?

• Employment practice liability insurance (EPLI) covers a business or organization against legal claims made by employees or applicants alleging discrimination, harassment, wrongful termination, and other employment-related issues.
• This type of insurance can help protect against the costs of legal defense and settlements or judgments in employment-related lawsuits.
• EPLI may also cover claims related to breach of employment contract, wrongful failure to promote, and retaliation.

Who is covered under Employment Practice Liability Insurance?

• Employment Practice Liability Insurance typically covers the employer, officers, directors, and employees of the company.

What Activities would Create a Need for Employment Practice Liability Insurance?

• Hiring and firing employees
• Performance evaluations and disciplinary actions
• Discrimination and harassment claims
• Wage and hour disputes
• Misclassification of employees as independent contractors
• Failure to provide a safe and healthy work environment
• Retaliation against employees who report wrongdoing or violations of employment laws
• Breach of contract with employees or job applicants
• Mismanagement of employee benefits or retirement plans
• Misrepresentation of job duties or expectations during the hiring process.

What determines the price of Employment Practice Liability Insurance?

• The price of Employment Practice Liability Insurance (EPLI) is determined by a variety of factors, including
• The size and type of business, the number of employees, the industry, the company's history of employment practices claims
• The coverage limits and deductibles selected.
• Other factors that can impact the price of EPLI include the location of the business and the level of risk for employment practices claims in that area.

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