Employment Practices Liability Insurance (EPLI)
Also known as EPLI, protects businesses “against employee suits for rights protected under acts (such as harassment, wrongful termination, etc.)”
EPLI is insurance designed to protect businesses from any lawsuits filed against them by any of their employees.
Protects businesses against claims made by employees alleging the following:
- Discrimination (based on sex, race, age or disability, for example)
- Wrongful termination
- Other employment-related issues, such as failure to promote (and more)
Most small companies lack employee handbooks with policies and procedures detailing the day-to-day happenings in and around the office including: the hiring, firing and disciplining of employees, which is where most claims arise, thus needing EPLI coverage.