Employers must follow laws that dictate fair and acceptable treatment of their employees. However, any employer may eventually face accusations of wrongdoing. An employment practices liability insurance (EPLI) policy may provide critical financial protection in these situations.  

What Is EPLI? 
As its name suggests, EPLI provides financial assistance in response to employment practices liability claims. Like most types of insurance, these policies act as contractual agreements between your organization and its insurer; by keeping up with your premiums, you can maintain coverage capable of providing financial assistance in response to these lawsuits. 

Why Do I Need EPLI? 
Employment practices liability claims may be brought by several parties, including current, former and prospective employees, and may arise from the following allegations: 

• Harassment
• Wrongful termination
• Discrimination
• Retaliation
• Breach of employment contract
• Mismanagement of employee benefits
• Failure to promote
• Negligent evaluation
• Improper hiring practices
• Invasion of privacy 

In response to these lawsuits, your EPLI policy can help pay for your legal defense, including attorney fees, court costs, settlements and judgments.  

Who Needs EPLI? 
Regardless of size or sector, any company with employees should consider EPLI an essential loss control measure. Your organization may pride itself on equality, inclusion, fairness and ethical treatment of its workers, but a single miscommunication or off-the-cuff remark could lead to costly consequences. Even if your business is innocent of any wrongdoing, the need to defend yourself could have significant financial and reputational ramifications. Without EPLI coverage, you could jeopardize your company’s financial wellness and future potential. 

Get the Right Coverage 
Having served the Charlotte, Huntersville and Mooresville areas for over 25 years, the William Viviano Agency has the experience to assess and address your EPLI needs. Our dedicated staff will work with you to analyze your circumstances, identify available options and assemble optimal coverage. Contact us today to begin.