Employment Practice Liability Insurance

It’s easy to feel as if employing people is a legal minefield. This is mainly because there is so much potential for lawsuits over wrongful termination, harassment, discrimination and workplace conditions. This is where management liability insurance can protect you.

Management liability insurance covers exposures and risks faced by directors, officers, managers and business entities that arise from managing a business. Without adequate protection you could risk losing, not only your business, but also your personal assets. 

This insurance includes employment practices liability (EPL) insurance, directors and officers (D&O) liability insurance, fiduciary liability insurance, crime insurance and cyber/data breach insurance.

Employment practice liability insurance (or EPLI) covers the risk of having to payout such claims. EPLI policies often cover the business itself, as well as individuals like company directors.

Employment practice and liability insurance policies are usually written to cover cases that come out of unintentional actions (or failures to act) rather than deliberate acts of discrimination or other wrongful practice.

One question to ask an insurer is whether the costs of defending a claim in court count towards the payout limit for any damages. Also, look out for mention of a “claims made” basis–that’s insurance jargon that means you are only covered if the policy is active both when the alleged incident took place and when the employee makes the claim.

Our EPLI experts can walk you through the various policies available to help determine if this type of insurance is a good fit for your business.

Let’s discuss your employment practice liability insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate EPLI solution. There’s no obligation, just good-old-fashioned advice.
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Foundation Insurance Group offers comprehensive employment practice liability insurance throughout Arlington, VA, Alexandria, VA, Falls Church, VA, Washington, D.C., Fairfax, VA, Loudon County, VA, Ashburn, VA, Montgomery County, MD, Annapolis, MD, Louisville, KY and St. Matthews County, KY.