Employment Practices Liability Insurance
As an employer, you are at risk from the people you hire and even the people you decide not to hire.
Thanks to the proliferation of federal, state and local employment laws, your practice could be vulnerable to costly litigation. Employment Practices Liability Insurance (also known as EPLI) protects your company against the financial impact of such claims.
What is Covered by Employment Practices Liability Coverage?
EPLI policies provide coverage for the legal costs and damages associated with claims by current or former employees for:
- Wrongful dismissal
- Age, race or gender discrimination
- Denial of promotion
- Failure to make partner
- Sexual harassment
- Invasion of privacy
- Failure to accommodate the needs of the disabled
Some policies will also cover suits by contract or temporary employees. Strong internal employment policies can sometimes help lower your premiums.
Why Does My Company Need EPLI Coverage?
Most employers don't intentionally condone practices of discrimination or harassment - the two leading allegations brought by plaintiffs - and may follow good employment practices. But as the employment relationship becomes more complex, with more federal, state and local employment laws on the books than ever before, more and more companies are finding themselves operating in an environment fraught with EPL landmines and tripwires.
The impact a discrimination lawsuit can have to your bottom line, as well as your company's image, employee morale, recruitment and retention, company revenues and stockholder confidence, can be devastating.
Standard liability policies don't cover employee-related litigation or problems related to benefits administration.
Simplify Employment Practices Liability Policy Comparison
Brunswick Companies offers employment practices liability policies from wide range of top ranked insurers. All of the insurers we represent have received ratings of A- (excellent) or better from A.M. Best Company.
With over 35 years of commercial insurance experience, our commercial insurance specialists have the know-how and industry contacts to match your needs with the plan that best suits your risk management and financial goals.
Brunswick Companies is here to assist you in evaluating your exposures and the level of protection required to meet your goals. We can evaluate, negotiate and enforce your errors and omissions insurance, directors and officers (D&O) policy, fiduciary liability, and other management liability insurance policies. Our clients range from Fortune 500 companies to smaller corporations, private companies, and professional service firms.
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