Employment Practices Liability Insurance
Employment Practices Liability is designed to help protect your business from allegations of discrimination, harassment, and other wrongful acts in the course of employment that are in violation of federal, state or local law, common or statutory.
The Equal Employment Opportunity Commission reported the number of employee complaints received in 2004 was 79,432. As an employer, you are at risk from the people you hire and even those you choose not to hire. Due to an increasing number of federal, state, and local employment laws, your company could be vulnerable to costly litigation.
In technology industries corporate mergers, acquisitions, divestitures, and restructurings are often accompanied by employment terminations and changes in reporting relationships. Such upheaval often spawns numerous lawsuits. In addition, day-to-day human resource practices such as the promotion, discipline, and termination of employees also lead to litigation.
Highlights of Coverage
EPLI coverage typically extends to include:
- The corporation and its subsidiaries
- Directors and Officers
- Employees
- Coverage can occasionally be broadened to include 3rd party claims (ie. By clients, customers, vendors, etc)
Common coverage under Employment Practices Liability Policies includes:
- wrongful termination of employment, either actual or constructive;
- harassment (including, but not limited to, sexual harassment);
- discrimination;
- employment-related misrepresentation;
- employment-related libel, slander, humiliation, defamation or invasion of privacy;
- wrongful failure to employ or promote;
- wrongful deprivation of career opportunity, wrongful demotion or negligent employee evaluation;
- wrongful discipline;
- failure to provide or enforce adequate or consistent corporate policies and procedures, or violation of an individual’s civil rights.
Each EPLI policy is unique so contact your TechPro of America professional today to determine what the best program is for your technology firm. |
