Firearms Insurance Agent Blog

What is Employment Practices Liability Insurance?

When you own a company, regardless of how small or large it is, there are a handful of different kinds of insurance that you should obtain. One of the most important ones is called employment practices liability insurance—or EPLI for short—which is a type of insurance that will protect you from your own employees in the event of a lawsuit. There are many businesses, including many smaller businesses with fewer employees, who don’t necessarily think they need employment practices liability insurance. Nevertheless, if you ever find yourself battling a lawsuit filed by an employee, you’re going to wish you had it on your side.

So what does employment practices liability insurance cover? It provides coverage for those employers facing lawsuits that deal with employees who have alleged some form of discrimination. There are a range of different forms of discrimination, including discrimination based on everything from sex and race to age and disability, and if an employee ever accuses your company of discriminating against them, employment practices liability insurance will help you. Employment practices liability insurance can also protect you in the event of a lawsuit involving wrongful termination, harassment, and a range of other issue that involve one of your employees feeling wronged. There are so many different types of lawsuits an employer might face from an employee, and employment practices liability insurance will help cover most of them.

If you run a business and you don’t have employment practices liability insurance, you should think long and hard about getting it. You might not think that your company is at risk for a lawsuit filed by an employee, but the truth is that a discrimination lawsuit can pop up at any time, and it can end up being incredibly costly for you. There are some companies that might even be forced to go out of business over such a lawsuit.

Associated Services in Insurance can provide your company with the best insurance rates for firearm related businesses. If you would like to find out more about employment practices liability insurance and how it can benefit you, call us at 816-229-4450 today for more information.