Employment Practices Liability Coverage, or EPLI, is a policy that covers wrongful acts that arise from the employment process. 42% of all businesses do not buy EPLI coverage because they think they are already protected by one of their other policies. Furthermore, in the fiscal year of 2018, the EEOC made over 200,000 inquires regarding potential discrimination claims. While EPLI coverage may sound like something you do not need, the average cost to settle a claim in court regarding EPLI is $75,000.
Learn more about Employment Practices Liability Coverage below.
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Worthy Insurance is a niche broker with a focus on providing insurance placement and risk management services to the Healthcare, Manufacturing, Social Service, and Main Street business communities. Here at Worthy Insurance, we love to provide you with exciting and fun articles to learn more about insurance and how it impacts your life. Visit our other blogs to find more information.
While Worthy does offer a wide variety of insurance coverages, our main coverages include property coverage, worker’s compensation insurance, general liability, professional liability, and cybersecurity coverage. To find out the best coverages for your company, use the contact form below so you can be at ease knowing your company is covered. For personal insurance, please visit Vero Insurance.
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