Get Covered With Employment Practices Liability Insurance
As you can imagine, a law suit against an organization for any one of the perils listed below could, and in many cases has, financially broken a companies back.
An EPL policy, provides coverage for the following five broad categories of conduct:
- Wrongful Termination
- Sexual Harassment
- Inappropriate employment conduct, a catch-all term that includes, but is not limited to, such perils as invasion of privacy, failure to promote and defamation
In today's legal climate, Employment Practices Liability Insurance, or EPLI, is probably one of the most important lines of insurance an organization can have.
One of the real factors for an individual when making the decision to serve on a board of directors of a company or a non-profit association is what has the organization done to protect the directors and assure that there will not be a devastating financial loss due to an EPL claim.
Schweickert & Company, located in California, has been a leader in the promotion of EPL Insurance coverage for our clients for the past ten years. It is one of the coverage that we spend a great deal of time studying and making sure that our clients have the most up-to-date programs available.
For example, if your organization happens to have a number of subcontractors or if you supervise employees of other companies, your EPLI policy needs to include third-party coverage to protect you from suits filed by non-employees including vendors and even customers.
For non-profit organizations, most Employment Practices Liability Insurance is written as part of a single policy which includes Directors & Officers Liability and EPL and can include Fiduciary liability. These coverage forms are extremely broad.
The for-profit company's EPL Insurance coverage is usually written on a stand-alone policy or can be endorsed on to a Directors and Officers Insurance policy. The stand alone policy usually offers broader coverage.
One of the most significant services offered by Schweickert & Company is their extensive knowledge of the EPL marketplace and the ability to assist any company in designing a comprehensive risk management program to lessen the chances of actually having an EPL claim.
If your company doesn't have EPL Insurance and would like to know more about it, we are happy to provide a no-obligation quote. Please complete the information request form on this page and we will get to you promptly.