EPL Insurance

Business owners need to think about insuring against more than commercial property loss and general liability. Claims of gender discrimination, age discrimination, retaliation and more are on the rise. Basi Insurance Services is asking all businesses to consider EPLI to help protect you against actual and alleged acts of discrimination, harassment, retaliation, wrongful termination and other similar crimes. Why?

  • 3 of 5 employers are sued by former employees every year*
  • . Over 40% of EPL claims are against firms with fewer than 100 employees*
  • . EEOC recorded nearly 100,000 charges in 2012 & over $365 million in settlements*
  • . The financial ramifications of not having EPLI can be crippling*
  • . There is no EPL coverage under other insurance policies such as general liability*
  • . Median compensatory award to plaintiffs is $325,000*
  • . Wage & hour litigation has quadrupled*
  • . Recent Supreme Court decisions have lowered the standard of what constitutes retaliatory treatment*

*Cited from the United States Liability Insurance Group/Why Buy EPL

What does an EPLI policy provide?

The legal landscape for employers continues to change with the passage of laws around equal pay and access. A properly written EPLI policy offers you and your business:

  • A broad definition of “Wrongful Employment”: to help in covering discrimination, harassment, retaliation, wrongful termination, workplace torts and negligent violations of certain employment laws. Includes not only actual, but also alleged acts.
  • A “Duty to Defend” benefit: where the insurance company investigates, defends and, with your consent, negotiates the settlement of claims.
  • E-Risk Management Tools Center
  • Worldwide coverage
  • Higher defense cost limits
  • Full prior acts
  • Wage and hour defense