Employment Practices Liability Insurance (EPLI) is a Course
Employment Practices Liability Insurance (EPLI)
Full course description
Today, an increasingly common and increasingly costly liability claim against businesses involve employment issues. These can be based on discrimination (in hiring, terminating, promoting, and others), harassment, and sexual harassment.
According to a 2013 survey by a large insurance company, the average cost to settle an employment-related lawsuit claim is $125,000. And when cases go to court, the median judgment is about $200,000 with one-quarter of judgments exceeding $500,000!
The Employment Related Practices Insurance policy, or EPLI, is designed to address the liability issues that come from employment related practices.