Employment Liability Practices
(ELPI)
Large corporations typically have substantial employment practices insurance coverage in place and are prepared to deal with just about any employment lawsuit. However, small or new businesses are often the most vulnerable to employment claims. That’s because they usually lack a legal department or employee handbook detailing the policies and procedures that guide hiring, disciplining or terminating employees.
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Employment Issues
Protects against claims made by employees alleging:
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Discrimination (based on sex, race, age or disability, for example)
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Wrongful termination
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Harassment
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Other employment-related issues, such as failure to promote
Employee Handbook
Best coupled with an employee handbook detailing your company's workplace policies and procedures, including attendance, discipline and complaints. The employee handbook should also contain an employment at-will statement and an equal employment opportunity statement.
How much does it cost?
The cost of insuring your business for EPLI coverage depends on a variety of factors, such as:
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The number of people you employ
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Whether you've had prior suits lodged against your company
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The percentage of employee turnover
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Whether you have established rules and practices in place