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Employment practices liability insurance for small businesses.  

On any given day, there are dozens of employment liability risks business owners face. Small businesses can be particularly vulnerable to employment claims, which can be potentially costly. Even as a small business, you face risks every day. Employing people is a risky business, with liabilities that entrepreneurs likely never considered when they started growing their company. To help you understand EPLI coverage and to determine whether your business needs it, read on.

What is EPLI?

Employment Practices Liability Insurance (EPLI) provides coverage for claims made by employees, former employees, and potential employees alleging discrimination, harassment, wrongful termination, and other employment-related issues.

What does EPLI cover?

EPLI coverage varies but generally covers claims alleging:

  • Wrongful termination
  • Harassment (including sexual harassment)
  • Discrimination
  • Retaliation

EPLI polices may provide coverage for other employment-related issues such as a breach of employment contracts, invasion of privacy, and defamation.

Would my business benefit from EPLI coverage?
Although it isn’t a legal requirement for a business to have EPLI coverage, it is a good idea to secure this insurance with the rising volume and costs of employment practices litigation. If a claim should happen, the costs can be high. For small businesses, the costs of defending employment claims can be unbearable. Even if the allegations against your company are false, the defense costs, verdicts, and settlements can be hundreds of thousands of dollars. EPLI coverage can step in when your business falls victim to a claim, meaning that you have financial protection in place.

Interested in finding the right employment practices liability insurance for your company?  Then turn to  Sausman Insurance in Mifflintown, Millersburg, and Lewistown, Pennsylvania.  Our team is ready to assist you with all your insurance needs.  Contact us to get started today.