Why You Need EPLI Coverage

Why You Need EPLI Coverage

Employment Practices Liability Insurance covers the biggest problem areas of the law today - sexual harassment, discrimination, and wrongful termination. It also covers broad judgments, back pay, appeals, bonds, pre-judgment interest, class action suits, and administrative changes.

The coverage begins with an allegation, therefore attorneys and specialists get involved before it becomes a full blown lawsuit. The policy also covers the entity, directors/officers, employees and former employees.

I’ve got my act together. Why do I need EPLI?

Many companies spend sizable sums hiring lawyers and human resource specialists to audit their businesses and get their businesses in order. They will be the first to tell you that no one is "bullet-proof." Even the most frivolous of suits involve expensive defense costs. It is not unusual for these costs to reach the high six figures. Having your business audited will not protect you from allegations or a lawsuit, but it will aid in your defense should a lawsuit arise. And remember, in most cases, a General Liability Policy specifically excludes employment practices coverage. An EPLI Policy is a vital part of your insurance protection portfolio.

Learn more about liability insurance.