Employment Practices Liability Insurance
Insurance that protects businesses against claims by employees for wrongful employment practices
Detailed Explanation
EPLI protects businesses from the financial consequences of employee claims alleging discrimination, harassment, wrongful termination, failure to promote, and other employment-related issues.
Practical Example
When a former employee sued a company for age discrimination after being laid off, EPLI coverage paid for the legal defense and the settlement, saving the business from significant financial hardship.
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