Employment Practices Liability (EPL) is an affordable way for business owners to help protect themselves against claims brought by employees alleging discrimination, wrongful termination or harassment, including sexual harassment. Your commercial Liability & Workers Compensation policies do not provide you any protect for these types of claims.
An EPL claim can happen to any business. If you have employees, you have a potential for a loss. Any of these practices can potentially prompt an EPL claim – hiring, performance assessments, payroll decisions and terminations.
Defense: EPL provides coverage for defense costs (within policy limits) and settlement. Even a groundless claim can cost a business time and money – just asking a law firm to open a file can cost thousands of dollars (and that’s before even getting to a hearing).
Affordable: EPL coverage is affordable. Rates are based on the number of full and part-time employees.
Assistance: Insurers will provide policy holders access to experienced claims professionals and attorneyswho specialize in employment law. You can also have access to loss prevention resources.
Who’s Covered: Covered parties include the entity, owner, partners, and full-time, part-time, seasonal and temporary employees. Customers can add third-party EPL coverage for claims brought by customers, clients or vendors for an additional premium.
If you do not have this valuable coverage, contact SPARKS INSURANCE for a proposal today!