Employment Practices Liability (EPL) Insurance
If you work with people, you have employment practices liabilities. EPL insurance will protect you when employees or third parties — such as customers or vendors — file claims alleging sexual harassment, fair pay discrimination, wrongful termination or employee misclassification.
Let’s work together to develop a customized, comprehensive employment practices liability solution for your organization.
You’re more likely to face EPL claims than general liability actions. Employment practices liability insurance covers the costs to defend your organization from lawsuits related to:
Do you know how exposed you really are? Don't fall victim to these common misconceptions.
Reality: A general liability policy is not a master liability policy. Rather, it applies only to bodily and advertising injury, and property damage. Without employment liability insurance, an employer will be left to defend costly employment claims on its own.
Reality: You may indeed know your employees very well. Regardless, for 2015, the Equal Employment Opportunity Commission (EEOC) reported the filing of close to 90K employment claims. At the same time, there has been an increase in disability and age discrimination claims, and monetary recoveries for employees by the EEOC have risen significantly, to $420M.
All it takes is one employee complaint to raise a red flag to a regulatory agency, which can create a large class action from even the smallest EPL claim. EPL insurance covers claims against any employees or customers — including the ones with which you have a great relationship.
Reality: It almost doesn’t matter if you’re innocent. The average EPL claim takes just under a full year to resolve and can bring with it outrageous, untruthful, reputation-damaging accusations against your leadership, employees and management. While settlements can minimize exposure, the financial loss to your business will still be significant. EPL insurance can help resolve a claim efficiently and minimize the financial impact to your organization.
Together, we can tailor an EPL policy to your particular vulnerabilities, and protect your organization against costly litigation.