EPL is written to:
· Protect the company against damages for events relating to their workforce, including but not limited to; wrongful terminations, harassment, discrimination, defamation and unfair hiring/firing practices; and
· Provide defense costs associated with responding to employment related lawsuits.
Why Buy EPLI Coverage?
No company faces the risk of fire, theft, or customer injury without the protection of insurance. But, it is more likely that a company will face an employee lawsuit than the devastating effects of a fire. Almost 75 percent of all litigation against companies and corporations today involve employment disputes, and the typical expense of a lawsuit exceeds $250,000 in judgments, costs, and attorneys’ fees.