As an agency involved in employment activities, you are susceptible to employment-related lawsuits even with proper training, procedures and policies in place. From the recruitment and hiring of employees through their exit interviews, your agency could face allegations of wrongful employment practices. Employment Practices Liability insurance (EPLI) can provide coverage for your agency as these claims work through the legal system. Contact U.S. E & O Brokers for more information.
Why Does Employment Practices Liability Insurance Cover?
EPLI helps protect businesses against financial losses they may face while litigating and settling wrongful employment practice claims. It may also help cover judgments rendered against the insured as a result of these lawsuits.
Current, prospective or former employees may bring claims of improper workplace acts against your agency. These could include allegations of discrimination, harassment or wrongful termination. The cost of these lawsuits may not be covered by your general business liability insurance or directors’ and officers’ liability insurance. EPLI can help fill this gap and generally covers directors and officers, management and employees. 
Speak with U.S. E & O Brokers to discuss specific coverages, exclusions and limits. We can provide more details on how EPLI can supplement your existing policies.
How Much Does Employment Practices Liability Insurance Cost?
The cost of EPLI depends on a variety of factors. The size and location of your agency and whether your agency has faced prior lawsuits regarding wrongful workplace practices could affect your premiums. The professionals at U.S. E & O Brokers can work with you to develop a quote that fits your agency’s needs and budget.
Additional Information
EPLI is usually written as a claims-made policy, and typically, it does not pay for punitive damages or criminal/civil fines. Policies may offer additional features such as risk management consultative services, third-party liability coverage, wage and hour claim coverage, and volunteer worker coverage. Contact your agent to discuss these items in greater detail and to find out how you can tailor your EPLI contract for your agency.
Contact Us Today
The professionals U.S. E & O Brokers help you select the best employment practices liability insurance policy for your agency’s needs. Contact us today or visit our website at www.useo.com for more information.