Employment Practices Liability Insurance
While there is nothing you can do to prevent someone from filing a lawsuit, there is something you can do to limit the costs of defending a legal claim: maintain Employment Practices Liability Insurance. The purpose of this insurance is to protect the corporation, directors, officers and employees from alleged employment-related wrongful acts.
As an employer, your exposures to legal action from employees have increased enormously over the last ten years. Federal and state laws protect the rights of employees above that of the employer. Most claimants file these lawsuits if they feel that they were wronged by their employer for any of these possible allegations:
- Wrongful Termination
- Sexual or Workplace Harassment
- Wrongful Discipline
- Age Discrimination
- Violation of Employment Discrimination Laws
- Violation of Americans with Disabilities Act
- Wrongful Failure to Employ or Promote
- Wrongful Deprivation of a Career Opportunity
- Breach of Employment Contract
- Employment Related Misrepresentation
- Failure to Adopt Adequate Workplace Employment Policies & Procedures
- Illegal Retaliatory Treatment
- Invasion of Privacy
- Negligent Evaluation
- Employment Related Wrongful Infliction of Emotional Distress
Features of this policy include:
- Coverage for front/back pay
- Attorneys’ fees and compensatory damages
- Punitive damages where insurable by law
- Actual or alleged retaliatory treatment
- Varying retentions for class action suits or other claims
- Emotional distress or mental anguish
- No purposeful or intentional acts exclusion
- No reductions in force or mass layoffs exclusion
You may be interested in reading:
Employment Practices Liability: 8 Step Defense Strategy
Coverages vary from company to company.
For information regarding Employment Practices Liability Insurance or other coverages that may not be listed, email us at info@mackoul.com.
For an EPLI quote:
