Employment Practices Liability

FACT: Three out of every five businesses will be sued by an employee for employment practices. Whenever an employer fired, disciplined, or denied a promotion to an employee, they are at risk. Even if you simply turned down someone in an interview, if they feel you discriminated against them they can file a lawsuit.

Settling out of court for an employment practices dispute can still cost a company thousands of dollars unnecessarily. Having the right employment practices liability insurance in place minimizes your risk and provides much needed protection.

What is Employment Practice Liability

Employment Practices Liability insurance is a policy that protects a business owner from lawsuits filed by employees. Employment Practices Liability or EPLI for short provides protection for claims against:

  • discrimination for age sex, disability, or race
  • wrongful termination
  • wrongful discipline
  • inappropriate hiring practices
  • denial of advancement or promotion
  • sexual harassment
  • invasion of privacy
  • emotional distress or mental anguish
  • wage violations
  • libel or slander
  • mishandling of employee benefits

What are Examples of Employment Practices Liability Lawsuits?

  • An employee is fired after his secretary claims that she was sexually harassed when he showed her a racy video on YouTube as a joke
  • An employee claims that he was denied a promotion when executive management found out that he had AIDS despite his experience and qualifications
  • An individual who was very qualified felt he was turned down for a city police job and faced age discrimination when a lesser minority was hired instead for the opening.
  • A senior employee is fired after exemplary performance and replaced with a younger new hire

Who Needs Employment Practices Liability Insurance

Any company who has employees, independent contractors, or leased employees. While a good human resources department and management staff can serve as a watchdog to prevent wrongful employment practices from taking place. But only having a EPLI in place will provide the complete protection a company needs. For the small cost of the employment practices liability policy, it can save you from millions of dollars worth of damages in an employment practices lawsuit.

Employment Lawsuits Not Covered By Other Types of insurance

If you think that your general liability or workers compensation policies will protect you think again. Without employment practices liability your company is not fully protected in the case of an employee claim.

What Type of Employment Practices Liability Does My Company Need

When it comes to employment practices liability, one size does not fit all. The size of the policy needed will be determined by a number of factors including the industry you are in and the number of employees retained by the firm.

Let Us Review Your Employment Practices Liability Insurance Coverage

Let us review your existing insurance coverage. We’ll examine your current coverage to find what your unique business needs are, and discover any gaps you may have in coverage. Our employment practices liability staff will create a custom insurance policy that gives you the most complete protection at the best price.

Get A Quote on Employment Practice Liability Insurance Today

Click here to request a quote for employment practices liability insurance rates. We will design a custom insurance policy to meet your specific needs. Depend on WM Schwartz for quick, friendly handling of your insurance claims.

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