Employment Practices Liability Insurance: Key Reasons You Need It For Your Business

Helpful Facts

  • Employment Practices Liability Insurance (EPLI) protects businesses from employee claims of discrimination, harassment, and wrongful termination.
  • EPLI covers legal defense costs, settlements, and judgments, providing financial security and helping manage reputational risks.
  • Customized EPLI policies can address specific business needs and include loss prevention programs to mitigate risks.
  • The increasing number of employment-related claims and focus on cybersecurity and data privacy highlight the need for EPLI.
  • Regularly reviewing and updating EPLI policies ensures ongoing compliance and protection against evolving employment risks.
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