Protect Yourself and Your Insureds from EPLI Claims
Sheena Callazo
Account Manager
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In today’s dynamic business landscape, companies must protect themselves against potential employment-related risks.
What is EPLI? Employment Practices Liability Insurance is a type of coverage designed to protect businesses from claims related to employment practices. These claims can include discrimination, wrongful termination, sexual harassment, retaliation, and other employment-related issues.
Why is EPLI important? Litigation Costs: Defending against employment-related lawsuits can be incredibly expensive, regardless of whether the claims have merit. EPLI helps cover legal expenses, including attorney fees, court costs, and settlements or judgments. Without EPLI, businesses may be forced to dip into their financial reserves or liquidate assets to cover legal expenses, which can jeopardize their financial stability.
While all businesses can benefit from EPLI coverage, it’s particularly crucial for small and medium-sized enterprises without dedicated legal departments, companies operating in industries with higher risk factors for employment-related claims, such as hospitality, healthcare, and finance, and employers with a history of past employment disputes or complaints.
When requesting a quote for Employment Practice Liability Insurance, we can provide same-day turnaround on quotes with about five pieces of underwriting information:
- What is the insured’s company name?
- What is the insured’s physical address (including zip)?
- What is the employee count? (broken down by full time, part time, temp/seasonal, independent contractors)
- What are the insured’s operations?
- Has there been an EPLI claim in the past five years?
Apogee has access to more than 25 Markets for Employment Practices Liability Insurance. With three offices nationwide, our dedicated team is always available to assist you. Apogee is here to help!
By investing in EPLI coverage, companies can safeguard their finances, reputation, and long-term viability against the unpredictable nature of employment-related claims. If you haven’t considered EPLI for your business, now is the time to explore your options and ensure your company is protected.
If you want to learn more about how Apogee can help with Employment Practices Liability, check out our EPLI product page for more details! We look forward to working with you.