EPLI (Employment Practices Liability Insurance)

EPLI (Employment Practices Liability Insurance) is an important part of the insurance picture in protecting an attorney and his or her practice.  Attornies may find themselves limited in their option for EPLI and Directors and Officers Insurance (D&O), which is why Stratum Insurance Agency LLC is able to quote EPLI for businesses seeking employment practice liability insurance.  EPLI and Directors and officers insurance are often available on the same policy or as stand-alone policies.  Both for private companies and for-profit companies are invited for a quote.

Is EPLI included in a business owners policy? Should I buy a separate policy?

Only some business owners policies even offer EPLI as part of their coverages, and often the coverage provided as part of a business owners policy is quite limited.  First, it may have very low limits of liability, which may barely even be enough to retain an attorney to fight a frivolous claim.  Second, the covered perils may be limited, meaning that the policy is not as broad as a separate policy. The list goes on and on, so when you contact Stratum for a quote, feel free to request more educational materials as well as sample claims. Remember to never assume that you have coverage without confirming that it is on your policy. Stand-alone EPLI policies often offer broader coverage, higher limits, and more options.

Why buy Employment Practices Liability?

The list of potential claims can be endless, but here are a few sample claims to consider. An important item to note is that the cost to defend a claim that is merely alleged and that turns

out to be false can be quite costly.  The legal defense costs alone could be a serious blow to any business.  Sample claims may result from:

  • Age Discrimination
  • Sexual Harassment
  • Third Party Discrimination
  • Wrongful Termination
  • Gender Discrimination
  • Retaliation
  • Wrongful Discipline
  • Wrongful deprivation of career opportunity
  • and many more..

Coverages and options will vary by policy, carrier, and/or location.  It is important to review your quote and policy in detail so that you can confirm that your insurance needs have been met.

Why choose Stratum Insurance LLC for your EPLI quotes?

By having access to multiple carriers, Stratum can quickly obtain quotes to provide a variety of options and quotes.  The team at Stratum understands that different businesses may have different needs, and we are able to shop the rates and options from a variety of carriers. 

Even if your business has had trouble locating insurance in the past, contact Stratum, as the commercial insurance team can help with over 1000 business types.

How do I get a quote for EPLI for another industry?

 

No coverage is issued, implied, or afforded through this posting.  All quotes subject to underwriting.  CA Lic 0e52066

 

 

 

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