Longmont, CO Employment Practices Liability (EPL) Insurance
Should a claim be brought against your business for an alleged employment-related wrongful act, you will need the protection of Employment Practices Liability Insurance. DC Insurers Mountain: Longmont has the most competitive and comprehensive professional liability packages available.
Management, directors and officers, and employees are covered under Employment Practices Liability Insurance policies, but typically exclude claims made due to bodily injury, property damage or intentionally dishonest acts. The Equal Employment Opportunity Commission interprets and enforces the laws that deal with workplace discrimination made on the basis of age, disability, equal pay, genetics, nationality, pregnancy, race, religion, retaliation, sex and/or harassment.
Employment Practices Liability is intended to deal with employee claims including:
- Age Discrimination
- Breach of Contract
- Employment-Related Defamation
- Failure to Adopt Sufficient Workplace Policies and Procedures
- Illegal Retaliation
- Infliction of Emotional Distress
- Invasion of Privacy
- Negligent Evaluations
- Sexual Harassment
- Violations of Americans with Disabilities Act or Employment Discrimination Laws
- Wrongful Discipline, Deprivation of Career Opportunity, or Termination
Employment Practices Liability Insurance (EPLI) differs from Commercial General Liability where defense costs are covered in addition to policy limits. Instead, EPLI policies are written with provisions that reduce the policy’s limits according to insurer payment of defense costs. It is also important to note that employment practices liability insurance operates on a claims-made basis, meaning policyholders will receive benefits only if covered at the time of the incident and the time of the filing. Clients can choose to purchase Employment Practices Liability coverage separately or as part of a management liability package, which also provides Directors and Officers Insurance as well as Fiduciary Liability.
If you are interested in learning how Employment Practices Liability Insurance can protect the welfare of your business when facing employee claims, the expert agents at DC Insurers Mountain: Longmont would be happy to help discuss the right type of coverage for your specific needs.