Hiring employees? You need to consider EPLI.

If you’re hiring employees, it’s crucial to consider EPLI (Employment Practices Liability Insurance). Employment can feel like navigating a legal minefield due to potential lawsuits over wrongful termination, harassment, discrimination, and workplace conditions. EPLI provides coverage for various employment-related claims such as:

– Wrongful termination
– Harassment
– Discrimination
– Mismanagement of employee benefits
– Deprivation of career opportunities
– Wrongful discipline
– Breach of contract
– Failure to hire or promote

An EPLI policy helps protect your business from the financial impact of these claims. Coverage typically extends to the business itself and key individuals like company directors, focusing on unintentional actions or failures rather than deliberate wrongful practices.

When selecting an EPLI policy, consider whether defense costs contribute to the payout limit for damages. Policies are often on a claims-made basis, requiring coverage during both the incident and when the claim is filed by the employee.

If you operate a business, EPLI is likely essential. Contact us to explore suitable policies tailored to your business needs and discuss available options.