Running a business is hard. Managing employees is even harder. Beyond tax and regulatory compliance, employment law is literally a whole professional field of study unto itself. Failure to carefully follow employment law can result in fines, penalties, and lawsuits. Employment Practices Liability Insurance – EPLI protects against claims related to wrongful termination, sexual harassment, hostile work environment, and the like.
Business owners often tell us “but I really know my staff” and “my employees are like family”. The trouble is that even the closest families fight sometimes. Add some workplace pressure, fail to follow established employment law, or have a serious lapse in judgement… and you’ll find yourself on the receiving end of an employment-related lawsuit. Protect yourself with employment practices liability insurance – EPLI.
Facts: Employment Practices Liability Insurance – EPLI
- If you have any workers, you are at risk.
- A single (even if fraudulent) claim normally costs $30,000 or more to defend.
- Policy premiums start around $1,000 per year.
- Coverage available in all fifty states and Washington DC.
Get employment practices liability insurance (EPLI) today.
The frequency of employment-related lawsuits in the US is increasing at an alarming rate. Businesses with any number of employees (even just one) are exposed. Cover yourself against the virtual certainty of an EPLI claim for as little as $1,000 per year.
Most insurance companies offering employment practices liability insurance (EPLI) also include (at no charge) assistance with a variety of human resource issues. They provide important help in developing effective employee manuals and can provide on-demand answers to all types of employment/staffing questions from qualified employment law attorneys.
Request a quote HERE or call our experts for more information at 800-763-4775.
FAQs
These FAQs break down the essentials of employment practices liability insurance, including what it is and what it typically covers. You will also find helpful clarity on common exclusions, so you can better understand what to expect from an EPLI policy. If you are a small business, these answers can help you decide whether EPLI makes sense for your team, even if you only have one employee.
What Is Employment Practices Liability Insurance?
Employment practices liability insurance helps protect your business when employees allege workplace-related wrongdoing like wrongful termination, harassment, or discrimination. It is designed to help when a people issue turns into a legal claim.
What Does Employment Practices Liability Insurance Cover?
Employment practices liability insurance can respond to allegations such as discrimination, harassment, wrongful termination or discipline, failure to hire or promote, and hostile work environment. Many policies help cover defense costs, settlements, and judgments related to these claims.
What Does Employment Practices Liability Insurance Usually Not Cover?
Marine Agency notes that EPLI typically does not cover punitive damages, criminal fines, civil fines, or liabilities already covered by other insurance policies. The exact terms depend on the policy.
I Only Have One Employee. Is Employment Practices Liability Insurance Still Worth It?
Marine Agency notes that businesses with any number of employees, even just one, are exposed to employment-related lawsuits. EPLI is meant to protect against claims like wrongful termination, harassment, or hostile work environment.