Employee Practice Liability Insurance Form

And c any other liability under any such laws.

Employee practice liability insurance form. Employment practices liability applications and forms coverage for defense costs and damages related to various employment related claims including allegations of wrongful termination discrimination workplace harassment and retaliation deriving from the employer employee relationship. These actions may be related to such things as alleged discrimination unfair dismissal and sexual or workplace harassment. If you think an employment practices claim will never be made against your organization. Employers liability insurance and employment practice liability written by dan on april 27 2016 if you have employees you probably have taken out employers liability insurance in the past but so many businesses neglect to fully protect themselves against a whole host of liability claims that can brought against them by their employees.

The policies will reimburse your company against the costs of defending a lawsuit in court and for judgments and settlements. Cgu employment practices liability insurance is designed to help employers minimise the risk and potential cost of claims taken against them by employees. Third party coverage for discrimination and harassment is built into the policy form. The most frequent types of claims covered under such policies include.

3 the fair labor standards act or any state or common law wage or hour law including but not limited to laws governing minimum wages hours worked overtime compensation and including any recordkeeping and reporting related thereto. The cost of epli coverage depends on your type of business the number of employees you have and various risk factors such as whether your company has been sued over employment practices in the past. Benefits of employment practices liability insurance. State and federal pay protections afforded to employees and other individuals.

Wrongful termination discrimination sexual harassment and retaliation. The employee handbook should also contain an employment at will statement and an equal employment opportunity statement. Employment practices liability insurance epli includes coverage for defense costs and damages related to various employment related claims including allegations of wrongful termination discrimination workplace harassment and retaliation. Review potential loss exposures with your insurance agent and purchase adequate employment practices liability insurance.

Develop an employee handbook detailing your company s workplace policies and procedures including attendance discipline and complaints. It may be categorized as a form of professional liability. 9 15 page 4 of 10 b liability arising out of the administration of any employee benefit plan. Employment practices liability insurance epl is sold as a type of management.