Employment Practices Liability Insurance (EPLI) typically covers allegations of discrimination, wrongful termination and sexual harassment of employees. Discrimination claims include, but are not limited to: age, disability, gender, handicap, marital status, national origin, pregnancy, race, religion, sexual orientation, etc. Most EPLI policies have the option to protect companies against past, current and prospective employees.
Employment Practices Liability Insurance coverage is not generally included in your standard business policy. Sometimes this coverage can be purchased as an endorsement to your Business Owners Policy. If you are looking for greater limits, this coverage can also be purchased separately. To protect your company against claims of this nature, it is advised that you purchase EPLI coverage in addition to your standard business policy. EPLI coverage purchased separately from your Business Owners Policy often provides additional benefits such as access to legal counsel and/or a human resources advisor that can assist with claims of this nature. In fact, some businesses purchase EPLI coverage, strictly to have access to these resources.
The premium for a business’s EPLI coverage is generally based on the number of employees. Many believe Employment Practices claims are on the rise, thus making it even more important to protect your business.