Employment Practice Liability Insurance (EPLI) – Is This Type Of Insurance Right For Your Company?
Many insurance companies now offer what is known as employment practices liability insurance (EPLI). Whether an employer elects to purchase such insurance coverage is a decision which should be made with care and only after a complete review of various options open to the employer. Your insurance agent or human resource consultant may urge your business to purchase employment practice liability insurance (EPLI) in the hope or belief that this insurance will protect your business against the risk of heavy financial losses resulting from employment claims. However, like most areas in the field of employment law, there are rarely simple answers to these critical problems; there are no magic bullets. The typical EPLI policy will usually cover claims of wrongful discharge, workplace harassment, and discrimination. Other policies may also cover such issues as invasion of privacy, negligent hiring, defamation, and intentional infliction of emotional distress. In evaluating any EPLI policy, it
