Employment Practices Liability Insurance
If you have employees, you need employment practices liability insurance. Employment Practices Liability Insurance covers businesses against claims by workers that their legal rights as employees of the company have been violated. As more and more employees make claims against employers, purchasing employment practices liability insurance has never been more necessary. Employment practices liability insurance or EPLI can protect your Connecticut business from discrimination, harassment, wrongful termination, and other types of employee-related claims.
EPLI claims can come from current employees, former employees, or people who just came in for an interview. And they can take numerous forms, such as:
- Emotional distress
- Invasion of privacy
- Negligent hiring or promotion
- Sexual harassment
- Wage disputes
- Breach of employment contract
- Wrongful discipline
- Wrongful termination
The cost of EPLI coverage depends on your type of business, the number of employees you have and various risk factors such as whether your company has been sued over employment practices in the past. The policies will reimburse your company against the costs of defending a lawsuit in court and for judgments and settlements. The policy covers legal costs, whether your company wins or loses the suit. Policies also typically do not pay for punitive damages or civil or criminal fines. Liabilities covered by other insurance policies such as workers compensation are excluded from EPLI policies.
In today’s litigious society, it is more important than ever to protect your company from employee claims that their rights have been violated. Irongate Insurance Counselors can craft an EPLI policy that helps truly protect your Connecticut business from these types of claims.
Contact us by calling (860) 658-6500 today to receive your policy quote!