Employment Practices Liability Insurance is a coverage particularly overlooked by most employers. It provides protection for an employer against
claims made by employees, former employees, or potential employees.
Judgments and awards are increasing unfavorably against employers, and most cases settle out of court with payments being paid by the defendant.
It covers:
Traditional D&O policies may provide some protection, but they are generally not as broad as stand alone EPLI forms, typically have allocation issues,
and usually contain high deductibles.
When should I think about purchasing EPLI?
So why do I need Employment Practices Liability Insurance?
claims made by employees, former employees, or potential employees.
Judgments and awards are increasing unfavorably against employers, and most cases settle out of court with payments being paid by the defendant.
It covers:
- Discrimination (age, sex, race, disability, etc.)
- Sexual Harassment
- Wrongful Termination
- Hostile Work Environment
- Failure to Hire or Promote
- Whistle blower Retaliation
- Third Party Acts against an Employee
- Punitive Damages Coverage where allowable by law
Traditional D&O policies may provide some protection, but they are generally not as broad as stand alone EPLI forms, typically have allocation issues,
and usually contain high deductibles.
When should I think about purchasing EPLI?
- Employment Practices Liability Insurance is needed as soon as you start to hire employees. If your Company has any investors and/or directors
they will usually require that you carry this coverage as part of your Directors and Officers Liability Insurance. Since they can also be held liable in
any suits relating to employment practices.
So why do I need Employment Practices Liability Insurance?
- Employers are finding that EPLI cases are on the rise, any from pre-employment to an exit interview, you don't necessarily had to have even hired
the employee, or an employee only hired for only a few days. - It can happen to anyone. It could be any from an offensive joke told in a break room/office cubicle or even in the bathroom. A Hot Tempered Boss,
emotional outbursts, screaming & even threatening behaviour. Wrong Response by an employee, due to a practical joke, inappropriate behaviour
or suggestions. Even if a claim is fraudulent or has no grounds, the defense of a suit can be expensive financially, in time wasted and resources
used to defend a case.
Click Here for a Q&A Response to Frequent Employer Objections
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