As a business owner, you need to protect your company from the unexpected and financially crippling costs resulting from employment-related claims and lawsuits.
Employment Practices Liability Insurance protects an employer against claims made by employees, former employees, and even potential employees. It covers discrimination (age, sex, race, disability, etc.), wrongful termination of employment, harassment, and other employment–related allegations. Coverage can also be extended to cover claims of discrimination and harassment made by third parties such as customers and vendors. The policy provides coverage for the costs associated with defending these types of claims and any settlements or judgments that result.