Employment Practices: Liability Insurance.

Throughout the entire process, from pre-hiring to the exit interview, your business is constantly at risk of facing employment-related claims. 

It is crucial for your business to carefully consider whether it can afford to defend itself against accusations of wrongful employment practices. 

If not, there is a solution available known as Employment Practices Liability Insurance (EPLI) that provides protection against claims such as wrongful termination, discrimination, or sexual harassment from current, prospective, or former employees. This coverage applies to directors, officers, and employees, and sometimes extends to third-party liabilities.

Why should you choose EPLI?

According to researchers, it is estimated that 3 out of 5 employers will be sued by a prospective, current, or former employee during the course of their business. While many of these suits may be baseless, defending against them can be extremely costly.

EPLI offers protection from a wide range of wrongful employment practices, including:

• Violations of working time directives
• Discrimination based on race, gender, religious belief, age, disability, and more
• Equal pay disputes
• Unauthorised deductions from employee wages
• Actual or alleged wrongful dismissal, discharge, or termination
• Employment-related misrepresentation
• Employment-related libel, slander, humiliation, defamation, or invasion of privacy
• Wrongful failures to employ or promote
• Wrongful deprivation of a career opportunity, wrongful demotion, or negligent evaluation
• Wrongful discipline of employees
• Misuse of personal data
• Breach of employment contracts
• Breach of employment legislation

In addition to these comprehensive coverage options, many policies also offer valuable inclusions and add-ons such as:

• Consultation services and HR assistance to help manage risk
•  Coverage for defense costs that may exceed the policy limits (for qualifying risks)
• Third-party liability cover (for qualifying risks)
• The ability to add volunteer workers as additional insureds
• Extended reporting periods to ensure continued protection

To find out more about how EPLI can safeguard your business get in touch today.