Exploring the Basics of Employment Practices Liability Insurance

It should come as little to no surprise that we live in a litigious society. With the recent publicity and media attention of civil suits, it is imperative that Indianapolis EPL Insurance is carried by both small and large employers. While larger corporations are more prone to these types of claims, smaller businesses are in no way immune to these discrepancies. Let’s take a closer look at the basics of this coverage and its important role in your business.

According to the Insurance Information Institute, EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated. Some common claims in which EPLI protects include the following:

-Sexual harassment


-Breach of contract

-Wrongful termination

-Mismanagement of employee benefit plans

The pricing of EPLI coverage is largely dependent on the type and size of your business. In addition, the number of workers you employ and the risk exposures your industry is subjected to also play a role in the cost of EPLI premiums. Further, the claims history for your company will affect the cost. The lower the number of claims, the less your company will be required to pay.

What’s more, this coverage provides financial assistance in the event these claims result in litigation, regardless of the outcome of the lawsuit.

In order to reduce claim activity, consider training managers on proper hiring and termination policies, implement effective screening policies, document each opportunity check, and settle employee disputes immediately and with care.

At Walker & Associates Insurance, we strive to provide comprehensive business solutions to protect each component of your operation. We understand the risks involved with operating any company and work to customize each policy specifically for you. To learn more, contact our experts today at (888) 760-7292.