Employment Practices Liability Insurance (EPLI) is designed to protect small and mid-sized businesses in the event of employment-related claims. Insured events include alleged discrimination, wrongful termination or demotion, sexual harassment and retaliation. An EPLI policy applies to all employees of an insured business, including temporary, part-time, full-time, seasonal, volunteers and independent contract workers. Enhanced coverage protects the policyholder against both punitive damages and inappropriate third-party conduct.
With a variety of tools and resources at our disposal, we work with agents to provide you with a quote for small business EPLI insurance quickly and easily. We can even write policies for completely new ventures that fit emerging demands in the market.We recognize the importance of flexibility in today’s business environment. We work closely with our agents and the small and mid-sized businesses they serve to design the specific packages they need to comply and succeed. We offer reporting, monitoring and audit options so policyholders can always see how they are performing.
The costs of an employee lawsuit can be emotionally and financially devastating. Beyond damaging a company’s reputation, an employment claim can lead to lower morale, diminished productivity, lost trust and thousands in legal expenses. In fact, the average cost for defending and settling employment law cases is $160,000, this is enough to stagger any small business. According to industry experts, retaliation, sexual harassment claims and medical marijuana usage are among the top trending Employment practice cases in 2020. The average cost of employment-related claims is rising, along with the time it takes to resolve a claim.