Employment Practices Liability Coverage, or EPLI, is a policy that covers wrongful acts that arise from the employment process. 42% of all businesses do not buy EPLI coverage because they think they are already protected by one of their other policies. Furthermore, in the fiscal year of 2018, the EEOC made over 200,000 inquires regarding potential discrimination claims. While EPLI coverage may sound like something you do not need, the average cost to settle a claim in court regarding EPLI is $75,000.
Learn more about Employment Practices Liability Coverage below.