Employee Practice Liability Insurance
Insurance that covers
what is Employee Practice Liability Insurance?
EPLI is insurance against claims made by employees alleging discrimination, wrongful termination, harassment, and other employment-related issues. Deciding whether you need this coverage? This is really a debatable topic, however we take the stand if you have a single employee you should consider the coverage.
What could possibly happen that we would need this? we only have 5 employees.
In today's business climate, anyone can allege and sue anyone. By having this coverage, you protect your assets from the high cost of defense against these types of allegations.
How much does this cost?
Cost, as in all insurance products, are based on risk and exposures. If you have a small number of employees, the cost will be less than someone with a large number. Some carriers can add a small amount of coverage to your existing policies for as little a $100 in annual premium. A stand alone comprehensive policy can range from $500 up depending on the size of your business.
We'd love to share our knowledge and experience
There are many other coverages available depending on each need and based off the type of business you’re running. Let us protect you and your assets from allegations. Each business is different, so visiting with your agent is important to make sure your business is protected the way it is supposed to be.
What we can do for you
Bundle your Employee Practice Liability Insurance
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