The most conscientious employers can still face claims from current, former, or prospective employees. Even if the allegations prove to be unfounded, defending your business against a lawsuit can be financially and emotionally costly. Employment practices liability insurance is a vital part of a well-rounded risk management plan.
What Is Employment Practices Liability Insurance?
EPLI protects your business from claims related to the employer-employee relationship, including allegations such as:
- Wrongful termination
- Discrimination (based on age, race, gender, religion, disability, etc.)
- Sexual harassment
- Retaliation
- Breach of employment contract
- Failure to promote or hire
- Negligent evaluation
- Emotional distress
These claims can come from anywhere – employees, former staff, or even applicants who interviewed but did not get hired. In many cases, business owners find themselves in legal trouble without knowingly doing anything wrong.
Why Your Business Needs EPLI Coverage
Employee lawsuits are more common – and costly – than ever in today’s legal landscape. One misstep or misunderstanding can trigger a lengthy, expensive legal battle that threatens your company’s reputation and financial health.
EPLI helps cover the cost of:
- Legal defense fees
- Court costs
- Settlements
- Judgments
Without this protection, those expenses would come directly out of your pocket, which could be financially devastating and make it challenging to keep your business afloat.
A Real Risk for Every Employer
Many business owners assume they are immune to claims because they are meticulous and have retained legal counsel. But remember, a single complaint can turn into a drawn-out legal ordeal, especially as awareness of workplace rights grows and people feel empowered to speak up.
Protect your bottom line and peace of mind with EPLI.
The Ingram Agency Difference
At The Ingram Agency, we take your protection seriously. Our founder works directly with clients, building strong, lasting relationships – not just issuing policies. When you partner with us for small business insurance coverage, you gain access to top-tier carriers, competitive pricing, and tailored EPLI coverage that matches the realities of the modern world.
We make it simple to safeguard what you’ve built. Contact us today to learn more about employment practices liability insurance.