What To Look for When Choosing an EPLI Insurance Policy

EPLI Insurance Policy

Employment practices liability insurance, more commonly known as EPLI, is a must for every business owner. Employment-related claims have skyrocketed in the last few years. If you aren’t prepared, the legal fees and settlements could be devastating for your company.

What Claims Does EPLI Cover?

EPLI insurance helps safeguard against a number of claims filed by current, former and potential employees who allege unfair acts or inappropriate behavior. Listed below are some common examples.

  • HarassmentSexual harassment is the most common claim, but any kind of unwanted or inappropriate behavior is not permitted in the workplace.
  • Employment contract breach – If an employee feels that their contract was not followed, they can file a claim.
  • Discrimination – Anyone who feels they have been treated unfairly based on such criteria as age, race, religion or sexual orientation can sue the company.
  • Failure to hire – If someone believes they weren’t hired because they have a protected disability, they may seek legal action.

What Else Can Business Owners Do To Protect Their Company?

Developing a comprehensive employee practices handbook goes a long way in discouraging lawsuits. Training employees in acceptable workplace behaviors eliminates the confusion and opens up a line of communication between workers and managers.

Discuss your EPLI options with your insurance agent to ensure you have the best coverage for your business.

Insurance Risk Advisors