Employment Practices Liability Insurance (EPLI) in Rockville Centre, NY

Employment practices liability Insurance (EPLI) can be an essential cover for businesses. It can help protect against legal and financial consequences related to employment disputes. Beyond financial security, EPLI can demonstrate a commitment to employee rights and well-being, fostering a positive workplace culture. In today’s litigious environment, EPLI can be a crucial financial risk management tool, helping businesses handle workplace complexities and minimize legal risks.

What Is Employment Practices Liability Insurance?

EPLI can help financially shield businesses and employers from employee claims related to employment matters. EPLI can typically help cover legal expenses, settlements and judgments arising from such claims. Additionally, it may cover defense costs, regardless of liability. However, EPLI does not address bodily injury or property damage claims, which other insurance types may handle.

What Are EPL Risks?

Employment practice liability risks arise from unethical or illegal activities carried out in the workplace. These risks result from employee-employer interactions and can include the following:

• Sexual harassment

• Discrimination

• Wrongful term

• Breach of employment contract

• Negligent evaluation

• Failure to employ or promote

• Wrongful discipline

• Deprivation of career opportunity

• Wrongful infliction of emotional distress

• Mismanagement of employee benefit plans

Why Do I Need EPLI Coverage?

EPLI coverage can be crucial for the following reasons:

• Legal protection—EPLI can shield your business from costly legal expenses arising from employment-related claims.

• Financial safeguard—EPLI can help cover settlements, judgments and defense costs. Without it, your business could face significant financial strain.

• Positive workplace culture—Having EPLI can signal to employees that their rights and well-being are taken seriously, contributing to a positive work environment.

• Risk management—In today’s litigious environment, EPLI can act as a vital risk management tool, helping businesses navigate complexities and mitigate legal challenges.

Does a Company Need EPLI?

Contact J. A. Faccibene & Associates Insurance Services to determine if your business should have EPLI coverage as part of its insurance portfolio.