An Employment Practices Liability policy steps in where Directors & Officers and General Liability Insurance leave off.

It can pay for legal costs, settlements and damages associated with employment practices allegations. Coverage protects your company, your leadership and even employees.

Its guidelines usually encompass most claims of discrimination, harassment, wrongful termination and workplace misconduct that lead to emotional or physical distress. It also covers breach of contract issues.

Three out of five employers will be sued by a prospective, current or former employee while they are in business. When companies are accused of employment practices violations they can face costly penalties and expensive defense fees. Even businesses that try hard to treat employees fairly can can be accused of wrongful practices.

EPLI can help mitigate these risks by providing the necessary resources to defend your company against a lawsuit or pay a claim. As costs for litigation and damage awards climb, experts predict that employment liability will only become more complex.