Franke Insurance Services: Employment Practices Liability Insurance (EPLI): What It Covers and Why It Matters
In today’s litigious environment, it’s more important than ever for businesses to protect themselves from employment-related lawsuits. These lawsuits can be costly, both in terms of legal fees and potential settlements, and can damage a company’s reputation. That’s where Employment Practices Liability Insurance (EPLI) comes in.
What is EPLI?
EPLI is a type of insurance that protects businesses from financial losses due to employment-related lawsuits. It covers a wide range of claims, including:
* Discrimination: This includes claims of discrimination based on race, color, religion, sex, national origin, age, disability, or genetic information.
* Wrongful termination: This includes claims that an employee was terminated without good cause.
* Harassment: This includes claims of sexual harassment, harassment based on race, color, religion, sex, national origin, age, disability, or genetic information, and other types of harassment.
* Retaliation: This includes claims that an employee was retaliated against for filing a complaint or participating in an investigation.
* Wage and hour violations: This includes claims that an employee was not paid overtime or minimum wage, or was misclassified as an independent contractor.
Why is EPLI important?
EPLI is important for businesses of all sizes, but it is especially important for businesses with a large number of employees. Even a small employment-related lawsuit can be expensive to defend, and the potential for a large settlement can be devastating.
Franke Insurance Services can help you find the right EPLI coverage for your business. We will work with you to assess your risks and find a policy that meets your specific needs.
Here are some of the benefits of working with Franke Insurance Services:
* We have a team of experienced insurance professionals who can help you understand your EPLI needs.
* We offer a wide range of EPLI policies from different insurance companies.
* We can help you get the best possible price on your EPLI coverage.
* We are committed to providing our clients with the highest level of service.
Contact Franke Insurance Services today to learn more about EPLI and how it can protect your business.
Additional Resources
* [U.S. Equal Employment Opportunity Commission](https://www.eeoc.gov/)
* [SHRM Employment Practices Liability Insurance](https://www.shrm.org/resourcesandtools/hr-topics/risk-management/pages/employment-practices-liability-insurance.aspx)
Disclaimer: This blog post is for informational purposes only and should not be considered legal advice. Please consult with an attorney for legal advice specific to your situation.