Matching Your EPLI to Your Actual Employment Risks

Originally published by Risk Management, November 2015

No employer is immune from employment-related law­suits, particularly at a time when the Department of Labor, the Equal Employment Opportunity Commission and the National Labor Relations Board are inclined to take an employee's side in disputes. Employment practices liability insurance (EPLI) provides important protec­tion against this ongoing but ever-evolving risk.

Prudent companies seeking to minimize exposure for employment-related lawsuits should appreciate the nature of employment practices liability insurance and how it applies to emerging trends in employment litigation.

BROAD COVERAGE GRANTS, BUT NO UNIFORMITY

Employment practices liability insurance policies are not one-size-fits-all. They frequently are sold as manuscript policies and can have varying coverage terms and exclusions. This lack of uniformity requires a policyholder to carefully assess the most frequent or likely employment-related