Employment Practices Liability Insurance provides protection for an employer against claims made by employees, former employees, or potential employees for unlawful employment practices.
Why You Need EPLI
Defending a wrongful termination or discrimination claim — whether you are innocent or guilty, or even if the claim is groundless or fraudulent — can be expensive. You need EPLI.
Most general liability insurance policies exclude employee related claims. As soon as you begin to hire employees, consider EPLI. Most investors and directors will require that you carry this coverage as part of your Directors and Officers Liability Insurance, since they can also be held liable in suits related to employment practices. Moreover, in this economic environment, these claims continue to increase, leaving the uninsured vulnerable.