Why do I need EPLI Insurance?

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Did you know that a business owner is more likely to be sued over employment disputes, than other type of liability claim? Nearly 75% of corporate litigation today results from some type of employment dispute.  Small business is not immune from this trend.  In fact, nearly 40% of all employment related disputes are filed against businesses with less than 100 employees.   Fortunately, there is solution to protect your company from employment disputes:  employment practices liability insurance.

Also known as EPLI coverage, employment practices liability insurance protects your company from a range of employee disputes, including:

  • Discrimation based on age, gender, religion or sexual orientation
  • Sexual harassment in the workplace
  • Wrongful termination
  • Failure to promote or employ
  • Whistleblower or retaliation claims
  • Negligent evaluation
  • Wrongful discipline
  • Claims of emotional distress
  • Failure to adopt adequate workplace policies or procedures
  • Employment related defamation or invasion of privacy

Most imporantly, EPLI insurance covers the cost to defend a claim, regardless of whether the allegation has merit or is factual.   Employment practices liablity insurance is surprisingly affordable.   Stand alone policies start around $500 per year and coverage can sometimes be added to your existing business insurance policy for much less.

We recommend you contact us today for a no-obligation quote or review of your current policy.     With our multiple markets and years of experience, we know we can find you the right EPLI policy, at the right price.