Why employers should have EPLI!
EPLI is a type of liability insurance covering wrongful acts arising from employment practices and process. The most frequent types of claims covered include: wrongful termination, discrimination (e.g. based on nationality, gender, disability, age, race, religion, pregnancy, and sexual orientation), sexual harassment, and retaliation. In addition, the policies cover claims from a variety of other types of inappropriate workplace conduct, including (but not limited to) employment-related: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation. The policies cover directors and officers, management personnel, and employees as insureds. EPLI policies are written on a claims-made and reported basis with defense within the limits (sometimes known as shrinking limits, meaning that payment of defense costs - which are often a substantial part of a claim expense -reduce the policy's limits). EPLI covers damages on behalf of the insured and related defense costs up to the selected limit.