Employment Practices Insurance
An employment practices insurance (EPL) coverage is a type of liability insurance that covers the wrongful acts in the employment process and policies including:
- Violation of the Family and Medical Leave Act
- Wrongful discipline
- Wrongful failure to promote
- Wrongful termination
- Breach of contract
When you hire employees or independent contractors you take the risk that a dispute will develop between you and them. This particular policy will reimburse the company against the cost of defending a lawsuit including judgment as well as settlements. It also covers the legal costs whether or not the company wins or loses the lawsuit. EPL coverage provides affordable cost and high-value protection against serious allegations from employees.
No matter what size or type of business you run, you face a wide range of potential risks. Employment-related allegations are a common form of business claim and Redmon-Keys has a solution to reduce this risk. Prevention is your best protection.