Employment Practices Liability Insurance (EPLI)
Employment practices liability insurance, known in the trade as EPL insurance or EPLI, provides coverage to employers against claims made by employees alleging discrimination (based on sex, race, age or disability, for example), wrongful termination, harassment and other employment-related issues, such as failure to promote.
Large corporations typically have substantial employment practices insurance coverage in place and are prepared to deal with just about any employment lawsuit. However, small and even medium size businesses are often the most vulnerable to employment claims. That’s because they usually lack a legal department or employee handbook<https://www.sba.gov/content/employee-handbooks>detailing the policies and procedures that guide hiring, disciplining or terminating employees.
EPLI coverage not only covers defense costs associated with such claims and lawsuits, but also payouts in case the court decides the employee is entitled.
Call us for more information at 305-899-5125.