Employment Practices Liability Insurance (EPLI)
Overview
Employment practices liability insurance (EPLI) provides coverage for businesses against claims made by employees alleging wrongful acts such as discrimination, wrongful termination, harassment, and other employment-related issues. This type of insurance is essential for protecting your business from financial losses due to lawsuits and other legal claims related to employment practices.
Types of Coverage:
Discrimination: Covers claims of discrimination based on factors such as sex, race, age, or disability.
Wrongful Termination: Protects against claims of wrongful termination or dismissal of employees.
Harassment: Covers claims of workplace harassment, including sexual harassment.
Retaliation: Protects against claims of retaliation for whistleblowing or filing a complaint.
Other Employment-Related Issues: Covers claims related to failure to promote, wrongful discipline, and violation of employment laws.
Factors Affecting Premiums:
Business Type: The nature of your business and the risks associated with it can impact your insurance costs.
Location: Where your business operates can affect your premiums due to local regulations and risks.
Business Size: The size of your business, including the number of employees and revenue, can influence your premiums.
Claims History: A history of frequent claims can lead to higher premiums.
Coverage Amount: Higher coverage limits and lower deductibles will increase your premium.
How to Get a Quote: To get a quote for employment practices liability insurance, please visit our business insurance quote form.