Employment Practices Liability Insurance, also known as EPLI, is the ultimate complementary product to your professional liability insurance policy. The EPLI Policy will protect you and the members of your firm from claims arising out of actual or alleged wrongful practices relative to hiring/ firing, promoting/demoting, sexual harassment, wrongful termination, failure to make partner, and a multitude of other workplace related forms of discrimination.
Claims involving employment issues comprise a significant amount of today’s civil litigation. No organization is immune from employment practices liability litigation, least of all law firms.
Not only are the number of employment-related claims increasing, but so is the potential financial risk to your business. The Equal Employment Opportunity Commission reports that employee complaints have escalated to nearly 90,000 new charges per year.
As an employer, you are at risk not only from the people you hire, but even from the people you do not hire. Defending a wrongful termination or discrimination claim, whether you are innocent or guilty, or even if the claim is groundless or fraudulent, can be expensive. Don’t risk going without this critical coverage.
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