GSP Insurance Group Blog
As a business owner, you know how important it is to protect your company against unexpected events. You have insurance for your property, your products, and your liability, but have you considered protecting your business from employee-related lawsuits? This is where Employment Practices Liability Insurance (EPLI) comes into play. In this article, we'll discuss what EPLI insurance is and provide examples of covered situations.
What is EPLI Insurance? Employment Practices Liability Insurance (EPLI) is a type of insurance policy that provides coverage for employers against claims made by employees alleging discrimination, harassment, wrongful termination, or other employment-related issues. EPLI is designed to help protect businesses against legal expenses and damages resulting from employee-related lawsuits.
Examples of Covered Situations:
In conclusion, EPLI insurance is an important coverage to consider for any business with employees. It can help protect your business against legal expenses and damages resulting from employee-related lawsuits, such as discrimination, harassment, wrongful termination, retaliation, breach of contract, and wage and hour violations. It's important to work with a knowledgeable insurance professional to ensure that your business is properly protected. At GSP Insurance Group, we can help you find the right EPLI insurance coverage for your business.
Tyler Grizzle - Partner GSP Insurance Group