Employment practices liability (EPL) insurance covers claims alleging employment practice violations. The coverage provides protection for the company, its employees and directors and officers. EPL can also extend to claims brought by third parties.
EPL insurance includes coverage for:
- Defence costs
- Legal representation costs at an official investigation
- Punitive damages (for North American exposure)
- Third party coverage
- Assistance costs/defence costs relating to OSHA citation (for North American exposure)
- Cover for immigration practices claims (for North American exposure)
- Mental anguish and emotional distress
- Wage and hour defence costs cover (for North American exposure)
Who should consider buying this insurance?
Any organization that has employees should consider purchasing EPL insurance
In recent years, federal, state and local employment laws have been changing, making EPL insurance more important than ever. Today, employees are more aware of their rights and more willing to come forward with their claims. EPL insurance should be high on any organization's list of risk-management priorities.
EPL insurance also provides access to employment-related risk control services.
