Why Do I Need Employment Practices Liability?

Employment practices liability insurance (EPLI) provides coverage for lawsuits that allege your organization engaged in actions that violated employee rights during the employment process. Small businesses, large corporations and nonprofit organizations may encounter these claims regardless of their industry. 

The experienced agents at Paris-Kirwan Insurance in Rochester, New York, can provide additional details on EPLI and other commercial insurance coverage. Reach out to us for more information. We can help you design a comprehensive insurance portfolio that best fits your organization’s needs. 

What Does Employment Practices Liability Insurance Cover? 
Current, former or prospective employees may file lawsuits with claims that your organization violated their rights through wrongful workplace practices such as the following: 

• Discrimination 
• Harassment 
• Wrongful termination 
• Retaliation, and 
• Other employment-related issues, such as failure to promote 

EPLI covers costs associated with employment-related lawsuits (e.g., defense costs, judgments and settlements). Our agents can provide more information on terms, limits and exclusions. Policies may be packaged with other management liability policies, such as directors and officers (D&O) liability and fiduciary liability insurance, or provided on a standalone basis. 

Why Should I Consider Employment Practices Liability Coverage? 
Regardless of size or industry, any organization with employees may face claims of wrongful employment practices. While entities typically carry other commercial insurance policies such as workers’ compensation insurance and general liability insurance, those policies typically do not cover wrongful employment practices lawsuits. An employment practices liability insurance policy can help fill in this gap in coverage. 

How Much Does EPLI Cost?  
The cost of employment practices liability coverage depends on multiple variables, such as the following:  

• The number of employees in your organization  
• Your industry  
• The history your organization has of facing wrongful employment practices lawsuits  
• Your selected coverage limits 

Other factors could also impact premiums. Reach out to our agents for a quote. 

Risk Management and Employment Practices Liability Coverage 
Organizations that implement risk management or loss control techniques may reduce the likelihood of facing a wrongful employment practices claim. Strategies organizations may consider include maintaining robust policies and procedures on proper workplace practices and regularly training employees at all levels on these matters.  

Additional proactive actions may strengthen your risk management plan. Consult with our team to learn more about risk management and commercial insurance. 

How to Get Employment Practices Liability Coverage 
The knowledgeable professionals at Paris-Kirwan Insurance can help you get the employment practices liability coverage that best addresses your organization’s needs.  Reach out to us today for additional information. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.