Employment Practice Liability

WHAT IS EMPLOYMENT PRACTICE LIABILITY INSURANCE?

In this module, we focus on Employment Practices Liability (EPL) Insurance, a crucial shield against employee-related lawsuits.

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EPL insurance provides coverage for a wide range of lawsuits that employees may file against your business. These lawsuits can include allegations of:

Discrimination (based on sex, race, age, or disability)
Harassment, including sexual harassment, which gained prominence during the #MeToo movement
Wrongful termination
Violation of the Family and Medical Leave Act

Do I need EPL Insurance?

This coverage is particularly essential if your industry experiences high employee turnover rates. EPL insurance helps mitigate the financial risks associated with defending against such allegations.

Watch the video to learn more.

Transcript

When you're steering a business, it's crucial to be prepared for unexpected challenges, especially when they come from within your own team. Employment Practices Liability, or EPL, is an insurance that helps protect your business from lawsuits filed by employees. These could be claims of discrimination, harassment, wrongful termination, or violations related to family and medical leave.

Imagine having to handle legal battles while trying to run your business. Not ideal, right? That's where EPL insurance steps in. It covers the legal fees involved in defending against these claims. This can be a lifesaver, especially since legal defence can be costly and time-consuming.

If you're in an industry where people frequently come and go, consider EPL insurance a must-have. High employee turnover can increase the risk of these kinds of lawsuits. Securing this coverage means you're not just protecting your business financially; you're also safeguarding its future stability and reputation.

Employment Practice Liability

WHAT IS EMPLOYMENT PRACTICE LIABILITY INSURANCE?

Transcript

Further Reading