Employment Practices Liability Insurance


What is Employment Practices Liability Insurance?

Employment practices liability insurance, also known as EPLI insurance, is designed to protect employers from lawsuits filed by employees, something that is becoming more common in today’s society. Over the last 20 years, employee lawsuits have risen roughly 400%, with wrongful termination suits jumping up more than 260%. Oddly enough, you are more likely to be sued by an employee these days than to have a fire at your facility. According to a 2015 Advisen white paper, defense costs can top out at $300,000 and the timeline for resolution can be anywhere from 18 to 24 months.

Top 4 trending Employment Practices Liability Claims

  • Pregnancy Discrimination
  • Illegal Background Checks
  • Unpaid Interns &
  • Genetic Discrimination

While those are the most commonplace right now, employers can also be sued for many other wrongful acts including:

  • Harassment
  • Retaliation
  • Negligence
  • Libel
  • Discrimination
  • Misrepresentation
  • Mental Anguish
  • Failure to Promote
  • Wrongful Termination
  • Wrongful Discipline
  • Emotional Distress
  • Defamation
  • Slander

What about the cost?

With more than 40% of EPLI claims filed against employers with 15 – 100 employees, you can’t afford to not have coverage.

Understandably, price is always a concern, but with a custom policy from Mt. Pleasant Agency – Central Insurance, you are in control of what types and amounts of coverage you want to pay for, and when. So it can be surprisingly affordable.

Most often, Employment Practices Liability Insurance is an endorsement that can be added to a new or existing business policy for an added cost, which is typically based on the number of employees you have working at your business. You can choose from different liability limits, which will help to provide defense costs in the event that your business is sued by an employee.

Talking to a local resource you can trust is the first priority.

The Mt. Pleasant Agency – Central Insurance Difference

You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for …

While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.

There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.

We’re your neighbors. We protect people we know and care about in Michigan, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.

Click on the quote request button now and let the professionals at Mt. Pleasant Agency – Central Insurance help you forge the strongest shield possible to help you protect the things you care about most.