Employee Practice Liability Insurance

Employee practice liability insurance, also known as Employment Practices Liability Insurance (EPLI), is a type of insurance policy designed to provide coverage for employers against claims made by employees regarding employment-related issues.

EPLI policies typically provide coverage for claims related to discrimination, harassment, wrongful termination, and other employment-related issues. This coverage can help protect employers from financial damages and legal expenses associated with defending against these types of claims.

EPLI policies can be customized to meet the specific needs of an employer and may include additional coverage options, such as coverage for third-party claims, including claims made by customers or vendors.

One of the advantages of EPLI is that it can help to mitigate the financial and reputational risks associated with employment-related claims. Additionally, EPLI can help to attract and retain employees by demonstrating a commitment to creating a safe and fair workplace.

It’s important to carefully review the policy and its coverage before purchasing to ensure that it meets the specific needs of your business. Additionally, it’s important to implement best practices in the workplace to help prevent employment-related claims from arising in the first place.