Looking for EPLI Insurance?
Employment Practices Liability Insurance (EPLI) protects your business from employee claims involving workplace rights violations.
Employee lawsuits are on the rise, and even small businesses aren’t immune. Many insurers now offer EPLI coverage as an endorsement to a Business Owners Policy (BOP), providing affordable protection against costly legal disputes.
What does EPLI Insurance cover?
EPLI provides protection against many kinds of employee lawsuits, including claims of:
How Much Does EPLI Insurance Cost?
The cost of EPLI coverage depends on your type of business, the number of employees you have and various risk factors such as whether your company has been sued over employment practices in the past.
The policies will reimburse your company against the costs of defending a lawsuit in court and for judgments and settlements.
The policy covers legal costs, whether your company wins or loses the suit. Policies also typically do not pay for punitive damages or civil or criminal fines.
Liabilities covered by other insurance policies such as workers compensation are excluded from EPLI policies.
How to prevent employee lawsuits
To prevent employee lawsuits, educate your managers and employees so that you minimize problems in the first place:
