Business owners understand it is important to protect the physical property of their businesses with insurance; it is equally important to cover human resources. A business owner cannot always control what people say or how they behave, but they can take steps to protect their assets. Companies are constantly exposed to this liability starting from the interview process to termination.
Legislation such as the Americans With Disabilities Act and the Family Medical Leave Act, plus a growing number of job-related lawsuits and claims, have created the need for business owners to consider additional protection, like employment practices liability insurance. Employment Practices Liability Insurance (EPLI) policies offer protection against claims and lawsuits that are brought against a business, its officers or directors, or its employees and managers.
Employment practices liability insurance (EPLI) provides your business against different kinds of employee lawsuits which can include:
- Wrongful termination
- Sexual harassment
- Wrongful discipline
- Breach of employment contract
- Failure to promote
- Emotional distress
- Mismanagement of employee benefit plans
At SentryWest Insurance, our insurance and risk management specialists will work with your business to help find the most appropriate EPLI coverage. We understand the importance of protecting against EPLI exposures and we will help find the right policy to properly insure your business.