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Home > Blog > Employment Practices Liability Insurance
MONDAY, MARCH 27, 2023

Employment Practices Liability Insurance

Employers must abide by many laws and regulations pertaining to their treatment of employees. Organizations that create and maintain a culture of respect for their workforce may enjoy benefits regarding their reputation and bottom line. However, even employers that commit to treating their workers well may eventually face employment practices liability claims. Such lawsuits that may arise from allegations of workplace wrongdoing and even false accusations can have significant ramifications. Fortunately, an employment practices liability insurance (EPLI) policy can provide critical assistance. 

What Is EPLI? 

EPLI focuses on helping policyholders manage the financial impact of an employment practices liability claim. Regardless of intent or innocence, organizations may require financial assistance in response to these accusations. Although specific details of policies may vary, in general, EPLI coverage can help pay for the following: 

 

  • Legal defense
  • Court-ordered judgments
  • Settlements
  • Administrative and other court costs

What Does EPLI Cover? 


The U.S. Equal Employment Opportunity Commission (EEOC) and other state and local ordinances require businesses to maintain a discrimination and harassment-free workplace. If employers fail to do so, employment practices liability claims can arise from inappropriate behaviors or improper functions within a workplace, such as: 

 

  • Harassment
  • Sexual harassment
  • Discrimination
  • Retaliation
  • Wrongful termination
  • Failure to promote
  • Improper hiring practices
  • Wrongful discipline
  • Mismanagement of employee benefits
  • Negligent evaluation
  • Breach of employment contract
  • Invasion of privacy

Who Needs EPLI? 


Regardless of size or sector, all employers must take employment practices liability risks seriously. Even organizations with small, tight-knit workforces and healthy workplace cultures may eventually face accusations of improper workplace practices. These lawsuits may have short- and long-term consequences for an employer’s finances and reputation. For example, an organization accused of wrongdoing may be less appealing to customers or other businesses seeking partners. Furthermore, employee attraction and retention may suffer. Fortunately, EPLI policyholders may be able to access resources to help clear their name and minimize losses. a person sitting at a table using a laptop computer

How Much Does EPLI Cost? 

Insurance companies must analyze a business’s coverage needs and circumstances to determine an organization’s EPLI premiums. This process may include consideration of the following: 

 

  • Industry
  • Workforce size
  • Annual revenue
  • Hiring and termination practices
  • Employee turnover rate
  • Claims history

We’re Here to Help 


At Beckworth Beneficial, our dedicated team is committed to helping organizations understand best practices in creating and cultivating a healthy workplace. We work with our clients to understand their organization’s mission, situation and needs, and provide optimal solutions. Visit our website or call 559-389-5837 to get started. 


This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 

Posted 12:37 PM

Tags: epli, employment, practices, liability, insurance.commercial, business
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