Employment Practices Liability Insurance (EPLI)

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Employment Practices Liability Insurance (EPLI) Employment practices liability insurance (EPLI) provides insurance protection for small businesses that hire, manage, and terminate employees. It covers expenses related to employee lawsuits. Employment practices liability insurance covers your legal expenses when an employee files a lawsuit alleging discrimination, wrongful termination, harassment, or other wrongful acts. In such cases, your employment practices insurance will provide funds to cover your: -Attorney's fees -Settlement costs -Legal judgments -Administrative and other court costs Businesses in the following industries are excellent candidates for this form of small business protection: -Building design -Consulting -Food and beverage -Information technology -Insurance professionals -Media and advertising -Nonprofits Photo & video Employment practices liability insurance does not cover: -Civil and criminal fines -Punitive damages -Wages you should have paid -Instances of intentional employer wrongdoing -Damage you caused to employee property -Alleged injuries to employees -Litigation regarding unemployment benefits -Disputes surrounding workers’ compensation claims Who Needs Employment Practices Liability Insurance (EPLI)? Any small business that has employees should consider EPLI coverage. Employment Practices Liability Insurance offers a safety net for businesses by providing financial protection against the costs of employment-related lawsuits. By understanding what EPLI covers and its limitations, businesses can make informed decisions about acquiring this type of coverage to mitigate potential financial risks. #BeNewinsurance #InsurTech #inclusiveinsurance #insurance #reinsurance #takaful

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