What is EPLI Insurance and Do I Need it for my Business?

Employment Practices Liability Insurance (EPLI) covers an employer and its employees against claims made by current, former or potential employees for actual or alleged claims involving the following:

• Discrimination (age, sex, race, disability, etc.)
• Wrongful termination
• Sexual harassment
• Breach of contract
• Infliction of emotional distress or stress
• Employment-related claims that violate employees’ civil rights
• Other employment-related allegations.
  
  

    In today's lawsuit happy society, EPLI (Employee Practices Liability Insurance) has increasingly become a critical part of many business owners' liability protection. If you are sued for one of the reasons above, EPLI insurance will cover your legal expenses and pay any judgements against you up to the limits of your policy (you can choose policy limits anywhere between $100,000 - $2,000,000).
    EPLI is not new. It's been around over two decades. EPLI started as an add-on endorsement option on a Business Owner's Policy. But over time, these type of lawsuits have become more common to the point where broader and more complete coverages were needed. This is how EPLI evolved from being an add on to becoming a stand alone policy of its own.
    Purchasing stand alone EPLI insurance provides coverage options that are not usually offered with EPLI as an attachment to a Business Owner's policy:

• Third party coverage (very important! available with most types of businesses)
• Prior acts coverage
• Defense outside of limits option
• Broader range of coverage (don't have the loopholes in coverage that are common with Business Owner's Policies)
• Zero retention (deductible) option

   
If your business is located in Ohio, Michigan, Pennsylvania, Indiana, Virginia or West Virginia, you can get a fast EPLI quote with my agency to see how stand alone EPLI rates compare. These policies can be tailored to the smallest business with just a couple of employees to a large business with up to 250 employees. I handle all quotes personally and privately.


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