FRIDAY, MARCH 24, 2023
Employment practices liability insurance (EPLI) has become increasingly essential for employers. Claims and lawsuits related to employment issues have reportedly increased since 2007. Employees can file complaints with the Equal Employment Opportunity Commission (EEOC) under federal laws such as Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act and the Age Discrimination in Employment Act. The cost of addressing these claims without an EPLI policy can be financially debilitating for small businesses.
What Is EPLI?
EPLI helps protect businesses against claims by workers that their legal rights as employees have been violated. EPLI protects against the following types of lawsuits and claims:
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Wrongful discipline
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Deprivation of career opportunity
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Wrongful infliction of emotional distress
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Mismanagement of employee benefit plans
Do I Need EPLI?
If you have employees, you most likely need employment practices liability insurance. Without EPLI, a company could face hundreds of thousands of dollars in legal costs and attorney fees if a case goes to court. EPLI coverage can help cover defense costs and damages related to various employment-related claims. 
Is EPLI Included in a Commercial Liability Policy?
Commercial liability policies typically do not include EPLI claims, and commercial umbrella policies may exclude them. Speaking with an experienced insurance agent is critical to ensure you have the coverage you need for your situation.
How Much Is an EPLI Policy?
The cost of an EPLI policy depends on the size of the business and its number of employees. Some insurance providers may offer lower rates if a company reduces its risks by:
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Providing harassment prevention training
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Maintaining a human resources department
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Forming internal protocols for hiring and firing employees
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Responding promptly to claims of harassment
EPLI Quote in Kansas City, MO
If you want to learn more about EPLI insurance, contact Walnut Risk Management in Kansas City, Missouri. We can help you get the coverage you need.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.
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