Protects Businesses from Employee Litigation
EPLI, also known as employment liability insurance, is a policy that covers businesses when an employee files a complaint with the Equal Employment Opportunity Commission (EEOC) under federal laws such as Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, and the Age Discrimination in Employment Act.
Most Business Owners’ Policies (BOPs) do include employment practices liability as part of their broad liability coverage. But the typical limit for this kind of claim under a BOP is $10,000, which wouldn’t go far in today’s litigious climate. The cost of your legal defense is included as part of EPLI coverage, along with any settlements and judgments that may be found against your business.
Covers a Broad Range of Employment-Related Claims
Most EPLIs are written to cover a broad range of employees’ workplace claims against a business. These include: racial discrimination, sexual harassment and sexual discrimination in the workplace, unlawful termination, age and/or disability discrimination, unequal compensation practices, and employee benefits mismanagement.Read More
Risks and Exposures Scenarios
The damages awarded to victims of employment discrimination can vary according to the type of complaint, the severity of the discrimination, and even the number of people you employ.Read More