Employment Practices Liability can provide coverage for directors and officers and the company for complaints alleging employment discrimination, harassment, unfair dismissal and many other employment related offenses.
commercial general liability does not cover legal situations regarding employment-related claims. The EPL policy can be purchased as a separate policy or as part of a policy for directors and officers liability.
employment-related lawsuits have been steadily increasing in recent years. Small and medium enterprises are often at risk because of the shortage of human resources control, lack of internal employee policies or insufficient training. Large companies are not exempt because they may also have gaps in their employment policies and they also have a larger labor pool that could make claims.
Remember, that a lawsuit does not need to have the merit of having a financial impact on your business. Many lawsuits are baseless, but the defense can be costly and time consuming.
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