Employment Practices Liability Insurance
Protection against and management of claims regarding employee lawsuits.
"Employment Practices Liability Insurance (EPLI) Protects Against Employee Lawsuits and Employee Wrong Doing"
Why is EPLI Coverage Important?
Employee lawsuits can be expensive. According to HR Morning, a news site for HR Professionals, the average EPLI lawsuit settlement is roughly $125,000 and the median judgement against employers is about $200,000. 25% of judgements are even more than $500,000. Those costs don’t include additional expenses, such as lost productivity or reputational damage, and often it can be hard to defend yourself in an employee lawsuit. You don’t want a potential million-dollar decision to be based on abstract testimony from both the employer and employee. That’s why its smart to have EPLI coverage to provide the funds to handle your defense and settle lawsuits quickly.
Laws like the Americans with Disabilities Act and the Family Medical Leave Act outline standards employers have to meet. When employers break these rules, even without meaning to, they may face a lawsuit. Employment practices coverage helps businesses handle the cost of these suits.
Unfavorable treatment due to national origin, race, ethnicity and/or disability.
Discrimination based on a person’s sex or unwanted sexual advancements or comments in the work environment.