Employment Practices Liability Insurance
Employment practice disputes have become one of the fastest-growing sources of litigation. In the event an employee brings charges against a company, Employment Practices Liability Insurance (EPLI) can help mitigate an employer’s financial exposure. Paychex Insurance Agency makes obtaining EPLI insurance easy.
What Is Employment Practices Liability Insurance Coverage?
An EPLI policy is a type of business insurance that helps to cover company losses associated with employment claims. EPL insurance provides your organization with protection it needs when responding to allegations of wrongful employment practices.
What Does EPLI Insurance Cover and Not Cover?
Several factors affect a company’s risk level, including the type and size of the business. Our licensed insurance agents will assist you in assessing and understanding and assessing your specific risk level and will help you secure employment practices liability coverage that meets your needs.
What Can Be Covered by Employment Practices Liability Insurance:
- Discrimination claims
- Sexual harassment claims
- Wrongful termination claims
- Retaliation claims
What May Not Be Covered by Employment Practices Liability Insurance:
- Fraud
- Illegal profit
- Criminal acts
- Claims regarding layoffs or business restructuring/downsizing your business
What You Get With EPLI Through Paychex Insurance Agency
Compare Quotes
Compare affordable quotes from nationwide carriers, matching features and affordability to the needs of your business.
Communicate with Carriers
Paychex representatives are always available for assistance to communicate with insurance carriers
Combine Policies
Combine key business policies for stronger coverage at reduced rates.
Paychex Insurance Agency Partners With Top Carriers
Paychex Insurance Agency has partnered with leading national insurance carriers to offer your business comprehensive coverage at a competitive rate. Our relationship with these insurance carriers assures you a competitive rate and comprehensive coverage.
Business Insurance to Meet Your Needs
Paychex Insurance Agency offers a wide range of business insurance policies to help protect your business and employees from costly claims and losses.
Save money with essential business protection.
Protect your business and your reputation.
Manage risk and protect the assets of your business.
Cover your buildings, inventory, and equipment against loss.
Establish workers’ compensation and help stabilize cash flow.
Extend policy limits to help manage out-of-pocket expenses.
One Place for All Your Insurance Solutions
As a top 100 insurance agency*, we’re your single stop for property and casualty, health and benefits, and benefits administration. Find out more about what Paychex Insurance Agency can offer you, your business, and your employees.
Employment Practices Liability Insurance FAQs
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What may not be covered by employment practices liability insurance?
What may not be covered by employment practices liability insurance?
Typically, things like fraud, illegal profit, criminal acts, and claims regarding layoffs or the restructuring or downsizing of a business are not covered by employment practices liability insurance.
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Is Employment Practices Liability Insurance the same as workers’ compensation?
Is Employment Practices Liability Insurance the same as workers’ compensation?
No, EPLI coverage helps protect against allegations of wrongful employment practices, while workers’ compensation offers coverage for medical expenses and lost wages for employees who experience a work-related injury or illness.
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Is Employment Practices Liability Insurance the same as general liability insurance?
Is Employment Practices Liability Insurance the same as general liability insurance?
No, EPLI coverage helps protect against allegations of wrongful employment practices, while general liability insurance helps protect your business from claims of bodily injury or property damage that arise during normal business operations.
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Do small businesses need Employment Practices Liability Insurance?
Do small businesses need Employment Practices Liability Insurance?
With employment practice disputes on the rise, employment practices liability insurance can help mitigate an employer’s financial exposure.
