Employment Practices Liability Insurance

Employment Practices Liability Insurance (EPLI)

Employment practices liability insurance or EPLI is a relatively new form of insurance. Nevertheless, in today's world it is absolutely essential for businesses to carry adequate employment practices liability insurance coverage to protect themselves from damages resulting from employment related claims.

What is employment practices liability insurance?

Employment practices liability policies are a type of insurance that protects a company from various kinds of employment related claims made by the company’s employees, ex-employees, potential employees, and its directors and officers.

Typically, employment practices liability insurance plans cover the following:

• Allegations of discrimination (sex, gender, race, age, disability et al)
• Allegations of sexual discrimination
• Allegations of wrongful termination of employment
• Allegations related to various other employment related issues

Why it is important to carry adequate employment practices liability insurance coverage?

Studies show that the number of employment-related claims against employers are on the rise. In fact, some studies claim that out of every five companies, three are sued by an employee, former employee, or potential employee. That is why, as an employer, it becomes imperative that you protect your business from various workplace-liability claims.

Some of the most common questions business owners have about employment practices liability insurance plans are:

• When do I require employment practices liability insurance plan?
• How much coverage do I require?
• What all are covered in an employment practices liability insurance plan?
• What all are excluded from an employment practices liability insurance plan?
• How does employment practices liability insurance solution works?

How Can Advantage SBS Help You?

The process of identifying the right employment practices liability insurance solution is complicated due to the fact that employment practices liability insurance policies and coverage are less standardized than other types of insurance coverage. Additionally, before you buy an employment practices liability insurance solution you need to take into consideration the employment protection laws of your state.

Our experts will relieve you from all the tension and trouble associated with the process of buying an employment practices liability insurance plan. We will help you understand your insurance needs better and quell all your doubts about employment practices liability insurance coverage plans.

On the basis of your insurance needs and employment laws of your state, our experts through our agency partnerships (Advantage SBS partners work with over 150 national and regional carriers) will help you secure the best employment practices liability insurance solution.

To learn more about Employment Practices Liability Insurance available through Advantage SBS or to speak with a representative, contact us today at (888) 762-2075 or complete our quote request form here.