Master Risk Management With EPLI Bundle Today
If you're looking to enhance your business's risk management strategy, mastering Employment Practices Liability Insurance (EPLI) today can provide significant protection against workplace-related claims, so take a moment to browse options and see these opportunities that can safeguard your company.
Understanding EPLI and Its Importance
Employment Practices Liability Insurance (EPLI) is a specialized form of insurance designed to protect businesses against claims made by employees regarding workplace issues such as discrimination, wrongful termination, harassment, and other employment-related allegations. As the legal landscape continues to evolve, the risk of such claims increases, making EPLI an essential component of a comprehensive risk management strategy.
In recent years, the number of employment-related lawsuits has risen significantly. According to the Equal Employment Opportunity Commission (EEOC), there were over 67,000 charges of workplace discrimination filed in 2020 alone1. This statistic underscores the potential financial impact on businesses without adequate protection. EPLI provides a financial safety net, covering legal costs, settlements, and judgments, which can otherwise be overwhelming for many companies.