Most companies provide a good working environment for their employees. Occasionally these companies are surprised to find themselves being sued by current, or in most cases, previous employees.
The number of lawsuits filed by employees against their employers has been on the rise, and no company is immune to to such lawsuits.
EPLI is insurance protection against many types of employee lawsuits. The policy covers legal costs, judgments, and settlements whether your company wins, or loses the lawsuit. However, these policies may have exclusions and may not cover civil or criminal fines, or other punitive damages.
To protect the company in the event of a lawsuit, EPLI should be a part of any company’s comprehensive insurance coverage. While providing protection for the company, the policy also covers the owners, directors, officers, and management personnel.
EPLI provides protection against many types of employee lawsuits, including claims for;
- Sexual harassment
- Wrongful termination
- Breach of employment contract
- Negligent evaluation
- Failure to employ, or promote
- Wrongful discipline
An AvQuest Insurance Service representative would be glad to discuss with you how an Employment Practices Liability Insurance (EPLI) policy can be included in your comprehensive coverage.