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May 2018

Learning About Employment Practices Liability Insurance (EPLI), what you need to know about EPLI

Learning About Employment Practices Liability Insurance (EPLI)

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Here’s what you need to need to know about EPLI.

In today’s climate, businesses need to be especially wary about lawsuits coming from past, present, and prospective employees. While you might believe that workers compensation or commercial liability insurance will cover these issues, you are mistaken. The best way to protect against these unique liability issues is with employment practices liability insurance (EPLI). Here’s what you need to know about EPLI.

What is EPLI?

EPLI is a type of professional liability insurance that provides coverage for employee-filed lawsuits. This type of coverage usually comes into play over employee allegations of the following:

  • Sexual harassment
  • Discrimination
  • Defamation
  • Retaliation
  • Wrongful termination or demotion
  • Mismanagement of benefits

Do I really need this coverage?

While many business owners believe that their employees would never sue them, this simply isn’t true. Every business, regardless of industry and size, faces the risk of being sued by an employee. Keep in mind that you don’t necessarily have to be guilty to face an accusation. However, the drawn out legal process of proving your innocence could take years, wasting your precious time and draining your company’s finances. Even if your business offers the most in-depth training processes, the most stringent hiring and firing processes, and generally treats their employees well, this simply isn’t enough to completely safeguard your business.

This is what you need to know about EPLI.  Want to get your business the comprehensive commercial coverages it needs to protect itself?  Then don’t hesitate to contact the experts at Contractors Insurance Agency.  Our dedicated team is ready to get you the coverage you need today.

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