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.)”
– Wikipedia
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
- Harassment
- 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.
