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Tag: Employment Practices Liability Insurance

What Is Employment Practices Liability Insurance, and Why Does My Business Need It?

Employee lawsuits against employers are on the rise. Employment practices liability insurance (EPLI) is coverage to protect your business against employee claims that their rights have been violated. Some insurers will provide this coverage as a Business Owners Policy (BOP) endorsement, while others offer it as stand-alone insurance.  What Does EPLI Cover? Employment practices liability insurance provides protection against a range of employee claims, including:...

Commonly Overlooked Types of Business Insurance

You already have business insurance, but have you overlooked a situation that could put your business at risk? We offer a list of the most overlooked types of business insurance, as well as a brief explanation of each type. Employment Practices Liability Insurance (EPLI): This insurance protects against claims filed against your business by an employee, such as wrongful termination, harassment, discrimination, and others. When...

Do I need Employment Practices Liability Insurance (EPLI)

Many employers are unaware of employment laws and the fair labor standards act. Here is an example of why all employers need this coverage. The U.S. Department of Labor has ordered a popular New Orleans restaurant to pay $238,000 in back wages to 222 employees who weren’t properly paid for overtime work. News outlets report an agency investigation determined Superior Seafood and Oyster Bar violated...

Top ten reasons to buy Employment Practices Liability (EPLI)

My name is Anthony Pomilla, President of LPL Risk Management. Our goal is to provide sound Risk Management techniques to help our clients save money, protect their business, clients and employees. EPLI coverage is an important part of that. Here are some good reasons: 1. EPL covers not only actual but also alleged acts of discrimination, harassment, retaliation, wrongful termination and other similar acts. 2....

Small Business Insurance Basics

Insurers often combine a number of insurance coverages into a package that is sold as a single contract. The most common policy for small businesses is the Business Owners Policy (BOP). The BOP combines coverage for all major property and liability insurance risks as well as many additional coverages into one package policy suitable for most small businesses. The term “BOP” specifically refers to insurance...