Employment Practices Liability Insurance
From the moment you start the pre-hiring process until the exit interview, you are vulnerable for an employment related claim. As a result, your business should take a hard look at whether it can afford to defend itself against alleged wrongful employment practices accusations.
If not, there is an insurance solution called Employment Practices Liability Insurance (EPLI) that protects against employment related claims, including wrongful termination, discrimination (age, sex, race, disability, etc.) or sexual harassment from your current, prospective or former employees.
This cover applies to directors, officers and employees as well as can sometime extend to third party liabilities.
Why Choose Employment Practices Liability Insurance?
According to researchers, three out of five employers will be sued by a prospective, current or former employee while they are in business. Although many suits are baseless, defending against them is costly and time-consuming.
For more information about Employment Practices Liability Insurance download our Cover Overview.