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Employment Practices Liability Insurance

Any business that has employees should consider employment practices liability insurance.

The number of claims brought by employees alleging employment practices violations – such as discrimination, harassment, and wrongful termination – has doubled in recent years. Damage awards have skyrocketed. And while the vast majority of these cases settle, settlement amounts can be significant – particularly for a growing company.

Despite this dire reality, your customers can take heart in the fact that there are now more insurance choices than ever in the once very limited employment practices liability insurance (EPLI) market. These include new programs that make broad insurance coverage cost-efficiently accessible to smaller companies (those with less than 250 employees) and to larger, privately-held companies. There are also more programs available to help your customers prevent employment practices violations within their organizations.

 

 

 

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Employment Practices Liability Insurance
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