Employment Practices Liability (EPL) Insurance Basics

SCM: Employment Practices Liability Insurance

“Sexual Harassment in the workplace is the OWNER’s problem!” That’s right, if an employee is sexually harassed by another employee, without the business owner’s knowledge, the business owner can be held accountable! To feel safer, you should strongly consider obtaining an Employment Practices Liability (EPL) policy. EPL insurance provides coverage for sexual harassment, discrimination, wrongful termination, wage-and-hour violations and retaliation – just to name a few issues. Such workplace violations can be costly and time consuming.

It is important to note that your Workers Comp and General Liability polices SPECIFICALLY exclude these types of claims.

The Cost of NOT Having Employment Practices Liability Insurance

Did you know:

  • The average cost of defense for an EPL claim is $150,000?
  • The average jury award if the case goes to verdict is $250,000?

An Employment Practices Liability policy provides “Defense and Damages” coverage. Further, many EPL polices INCLUDE resources to help your business manage potential claims. Even better, they include additional resources to help you avoid these potentially devastating claims.

Please contact us if you have questions about Employment Practices Liability insurance coverage.

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