Employment Practices Liability Insurance
What if you get sued by an employee?
Many employers are not aware that their general liability or workers’ compensation policies DO NOT protect them in these situations.
Statistics show businesses are more likely to face an employment related claim than a property or general liability claim. Once these issues turn in to claims, they become an extensive drain on a businesses assets.
In today’s difficult economy EPLI claims are happening at an alarming rate.
Now is the time for you to protect your practice and secure Employment Practices Liability Insurance (EPLI) for your firm.
Employment Practices Liability Insurance, also known as EPLI, is the ultimate complimentary product to your professional liability insurance policy. The EPLI Policy will protect you and the members of your firm from claims arising out of actual or alleged wrongful practices relative to hiring/ firing, promoting/demoting, sexual harassment, wrongful termination, failure to make partner, and a multitude of other workplace related forms of discrimination.
Claims involving employment issues comprise a significant amount of today’s civil litigation. No organization is immune from employment practices liability litigation, least of all law firms.
Not only are the number of employment-related claims increasing, but so is the potential financial risk to your business. The Equal Employment Opportunity Commission reports that employee complaints have escalated to nearly 100,000 new charges per year.
As an employer, you are at risk not only from the people you hire, but even from the people you do not hire. 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. Don’t risk going without this critical coverage.
- Download a Premium Indication Form
- Contact Us with a question about this coverage
- EPLI Claim Scenarios
- Important Reasons for EPLI