Small Business Insurance
Employment Practices Liability (EPL) Insurance Offers Broad Protection
Employment Practices Liability Insurance (EPLI) insurance protects employers from claims made by employees alleging wrongful termination, discrimination or harassment, including sexual harassment. EPLI coverage pays for liability damages and defense costs due to claims brought by full-time, part-time, temporary and seasonal employees.
Our EPLI coverage, available as part of Business Owner’s Policy (BOP) and Commercial Package Policy (CPP), is the first truly affordable way to protect small business from losses that on average run from $22,400 to $40,500. The cost of an employment charge can damage a small business’ financial health or even threaten it altogether. That’s why EPLI coverage is essential to small business.
In addition to broad coverage, experienced EPLI claim specialists are part of our program. Plus, employers who need legal representation have access to specialized employment attorneys.
There are numerous federal and state laws under which employees may bring actions against their employers for allegations such as sexual harassment, discrimination and wrongful termination. Employees are aware of these laws and show a greater inclination to pursue legal rights and remedies. This, coupled with a sense of entitlement, has bred an atmosphere where employers are often forced to spend significant dollars for legal defense to prove an employee’s groundless allegations are false.
Now, our policyholders with small and mid-sized businesses can be protected against employment-related charges and lawsuits filed by employees – a growing and very costly problem for small employers.
