Q: Do you know about Employment Practices Liability Insurance or EPLI?
A: EPLI provides coverage for employment-related claims in: Wrongful Termination; Discrimination (racial, gender, age, disability, pregnancy-based, religion-based); Harassment (sexual and bullying); Employer Retaliation; Wage &
The Equal Employment Opportunity Commission reported $371.2 million in monetary benefits – sums paid as a result of the courts decision in EPL cases in FY2013. The EEOC reported 2,537 charges reported for FY2013 in the state of Maryland.
Q: What is at risk?
A: EPLI claims may be alleged or actual, but legal defense costs are incurred in both cases. Damages and/or settlements may be a part of the outcome of a suit. EPLI picks up where your General Liability drops off, and without EPLI, defense costs and damages are paid out-of-pocket.
Q: Whom does the policy insure or cover?
A: Claims can involve employer-employee, employee-employee, employee-other (clients or other associates). The policy covers owners, managers, and employees of your company.
Q: What preventative measures can be taken to reduce the likelihood of EPLI claims?
A: Establish and maintain a Policies & Procedures Manual or Company Handbook. Seek professional HR advice. Conduct regular, monthly company meetings to discuss employee conduct. I95