Most EPLI policies contain shrinking limits, meaning the cost of legal defense expenses lowers the limit provided. This is unlike the General Liability Limit for a company, which provides Legal Defense expenses in addition to the limit. You must check with your agent on your specific policy.
Employment Practices Liability Insurance
Frequent claims found in the employment process:
- Wrongful termination
- Sexual Harassment
- Invasion of Privacy
- Failure to Promote
- Deprivation of a Career Opportunity
- Negligent Evaluation
The claims listed above are just some, but not all, of the claims viable to be covered by EPLI.
What does the policy cover?
The policy covers all employees, including officers and directors, as well as management roles from
the potential litigation expenses derived from wrongful acts of employment practices like the ones
The policy can be offered through a Management Liability Package Policy providing:
- Directors & Officers Liability Insurance
- Fiduciary Liability Insurance
- Employment Practices Liability Insurance