Who needs Employer Practice Liability coverage?
If you have employees, Employment Practices Liability Insurance (EPLI) is critical to safeguard your business. This type of coverage protects your business from losses due to employee lawsuits. Legal claims have been on the rise in recent years for businesses big and small.
According to a recent Forbes article, the industry foresees even more claims in the wake of the COVID-19 pandemic.* Data from the COVID-19 Employment Litigation Tracker shows small business with under 500 employees where defendants in 65% of employment-related lawsuits.**
Why would an employee take legal action?
There are many employment-related issues where a worker may file a lawsuit. According to the COVID-19 Employment Litigation Tracker, the most common complaints were related to remote work/leave conflicts.
EPLI protects against claims arising from perceived:
• Sexual harassment
• Wrongful termination
• Wrongful discipline or demotion
• Emotional or mental distress
• Benefits mismanagement
• Slander or libel
• Breach of an employment contract
• Privacy invasion
• Negligent decisions related to hiring, promotions, or compensation
What does EPLI cover?
Employer Practice Liability Insurance can be tailored to your business needs and covers legal fees and costs related to a judgment or settlement.