Employment Practices Liability Insurance
Employees have long been considered among a company’s greatest assets. And they are… until they’re not. The fact is, today’s companies face significant liabilities in the ways they hire, retain, and terminate employees. Just look at recent headlines and you’ll find an alarming number of cases involving discrimination, harassment, wrongful termination, breach of contract, and many other types of employment practice claims.
As a business, you carefully craft your employment policies and procedures to avoid liabilities while bringing in the best and brightest you can afford. But what happens when things go wrong, misunderstandings happen, or your business simply becomes the target of a begrudged employee?
Interactions with and management of prospective and existing employees has become increasingly complex and filled with significant exposures. From harassment and discrimination, to wrongful termination, retaliation, and a long list of other potential issues, claims can only be expected to continue their rise in the court systems. This is where Employment Practices Liability Insurance (“EPLI”) comes in.
EPLI provides protection for employers against claims made by employees, former employees, or potential employees. It covers discrimination (age, sex, race, disability, etc.), wrongful termination, sexual harassment, and other employment-related allegations.
At Lyceum, we can help your company craft an EPLI that protects the unique risks of your business. Our experts have helped companies of all shapes and sizes assess risks and design coverage with just the right amount of protection.
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The content on this website is descriptive only. Actual coverage is subject to the language of the policies as issued.
