EPLI Insurance

Every employer, large or small faces the reality that they will be the target of legal action from past, present and prospective employee.

Not only are the numbers of employment-related claims increasing, but also so is the potential financial risk to your business. Defending a wrongful termination or discrimination claim- whether you are innocent or guilty, or even if the claim is groundless or fraudulent can be expense. The potential exposure for a money damages award threatens your company’s financial resources.

In the face of this increased risk to your business, it is also increasingly likely that your current insurance excludes coverage employment-related claims. Most comprehensive general liability policies specifically exclude employment-related claims. For the small for-profit business, a directors and officers policy may offer a limited form of insurance coverage but will probably not extend coverage to the business entity. Other forms of insurance, such as fiduciary liability coverage, are unlikely to cover these types of claims, nor will other bonds.

Additionally, Employment Practice Liability Insurance (EPLI) covers losses that would not be covered by Directors & Officers coverage or Comprehensive General Liability. EPLI is very specialized and designed to protect you and your company in today’s litigious society.