Employment Practices Liability Insurance
Employment Practices Liability Insurance (EPLI) provides defense and
indemnity protection against claims arising from the employer/employee
relationship. The policy shields employers—plus all current, former,
and prospective employees, directors and officers, even the corporate
entity—against a broad spectrum of employment-related claims.
EPLI from Patriot Insurance is available in two forms, standard and
enhanced. The standard form covers those amounts a policyholder is required
to pay by reason of a wrongful employment practice—discrimination,
harassment and wrongful termination. The enhanced form adds retaliatory
discharge, misrepresentation to an employee, libel or slander, invasion
of privacy, wrongful discipline and more to the list of covered charges.
Patriot Insurance automatically provides $100,000 of standard EPLI
coverage with most every Businessowners and Commercial Package policies.
Available coverage amounts range from $100,000 to $1,000,000.
The average legal bill for a groundless EPLI suit is $20,000. Add potential
damages and increased defense costs for lengthy suits and it becomes clear—the
tab for an EPLI suit can be financially ruinous. Patriot Insurance
provides an inexpensive form of protection for this rapidly growing hazard.
