What Is Employment Practices Liability Insurance?

Employment Practices Liability Insurance will help protect your business from many claims that are brought upon your business.

Legislation like the Family Medical Leave Act and the Americans With Disabilities Act, have created the need for business owners to consider the insurance known as employment practices liability insurance, or EPLI. The EPLI policy offers insurance protection against claims and lawsuits that are brought against the business, its higher management, and its employees and managers. While the insurance offers protection against employee practices liability, such coverage can be limited to directors and officers. Know what Employment Practices Liability Insurance covers to fully understand this coverage that could end up saving your business. These policies generally cover charges in the following areas:

• Sexual harassment
• Wrongful termination or discipline
• Libel or slander
• Gender, age, and other types of discrimination
• Negligent compensation, promotion, or hiring decisions
• Invasion of privacy
• Emotional distress or mental anguish
• Employee benefits mismanagement

How Does EPLI Protect My Business? All companies, no matter their size, need to look at their personnel policies as the first sign of defense for employee-related claims. EPLI policies are written on a claims-made basis. Basically, this means that covered claims have to be reported to the insurance company within an extended period specifically described in the policy. In addition, the event leading to the claim must have occurred either on the specified date which is written on the text; normally, it is the date when the EPLI has commenced. The coverage will vary based on your business size, type, and risk profile of the business. Finding the right business insurance in Calimesa, CA can help to keep your Southern California company covered in case a claim goes against your business. Serving Beaumont, Banning, Calimesa, Redlands, and surrounding areas, contact the insurance professionals at Little & Sons Insurance Services for all of your commercial insurance needs.