There are a number of situations that are assumed to be covered when an employer purchases Employment Practices Liability Insurance, also known as EPLI coverage. But the fact is that not all of the situations an employer would assume to be covered actually are, and in order to effectively manage your business you need to know the exclusions.
COMMONLY EXCLUDED SITUATION
Many EPLI policies appear to be similar when looked at lightly, but upon further review may be missing a materially important coverage scenario.
WAGE DISPUTES are a common point of contention between employers and prior employees and is many times excluded from coverage for both (1) Defense Costs (legal fees associated with defending oneself against the claim) and (2) Indemnity (amount associated with the judgment or damages owed to the plaintiff).
Coverage IS available for the Wage Dispute, BUT (and this is a pretty large BUT) most agents/brokers are not well informed enough to be able to effectively acquire and present such quotes to for their clients.
If you find Employment Practices Liability Insurance (EPLI) or any other type of Human Resources issue(s) to be a challenge, you should talk to the experts at GDI Insurance Agency in Turlock today by calling 888-991-2929.
At GDI Insurance we pride ourselves in providing our clients with assistence and services that go beyond merely placing your insurance... We enjoy being an active member in all our clients' business planning decisions.
Matthew Davis MBA, AAI