One of these key aspects to assure your business is covered and working smoothly is Employment Practices Liability Insurance.  Whether you’re running a Fortune 500 company, or a small start-up business on main street, USA, your firm needs this important insurance coverage.  Without it, your business could incur severe legal and damage billings which could very well cripple your firm, large or small. 

So if you’re wondering more about this type of coverage,  here are some common questions regarding EPLI:

  • Employment Practices Liabilities Insurance, what exactly is it?

EPLI provides protection for an employer against claims made by former, present, or potential employees over a variety of potential lawsuit situations.

  • What specifically does EPLI cover?

It covers any discrimination accusation (age, sex, race, etc.), wrongful termination, sexual harassment, and any other employment- related allegations.

  • Why do I (or your business) need this coverage?

It’s estimated that three out of five firms will have at least one employee sue them. Even if the claim is groundless or fraudulent, the defense of a suit can be expensive in time, resources and financially.

No matter the size of your company, whether you have more coffee makers than employees, or if your business covers multiple continents, you need to be covered in case any employee decides to take action against your company! Call theParadiso Team to make sure you have Employment Practices Liability Insurance.