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Employment Practices Liability Insurance (EPLI) provides employers and employees with insurance coverage for claims arising out of alleged wrongful acts involving employment practices including:
Whether you are right or wrong in the eyes of the jury, the costs alone to defend allegations in a typical lawsuit justify the importance of this insurance coverage.
EPLI policies are purchased with insurance limits of $1 million up to $25 million, and are written on a claims-made basis. That means that in order for a claim to be paid, it must be reported to the insurance company during the policy term—or within any extended reporting period granted by the insurer. Depending upon the size and type of your business, a specialist at Maritime Insurance can recommend coverages that best meet your needs.