EPLI - Does your company need it?
EPLI stands for Employment Practices Liability Insurance.
This type of liability insurance covers defense costs and damages arising from the employment-related claims. Types of allegations include wrongful termination, discrimination, workplace harassment and retaliation.
Unfortunately, employment practices claims can effect businesses of every size and in any industry. Financial institutions, nonprofit organizations, and public and private companies should all consider this coverage. You can protect your exposure and your bottom line with EPLI coverage. Lawsuits, defense costs and settlements that can arise from these claims can have massive impacts on a company's financial situation. Legal fees add up quickly, regardless of whether the lawsuit is won or lost. Everyday activities, such as hiring, firing, promotions and accommodating for disabilities can be cause for a claim if handled incorrectly. Contact Paroubek Insurance today to discuss your business insurance and EPLI!