With the steady increase in workplace legal disputes, Employment Practices Liability (EPL) Insurance has become a business necessity. Without it, many employers face defense costs and settlement demands that could easily put them out of business, even if the employee’s allegations are completely baseless. Nevertheless, many small to mid-sized employers often decline this important protection because they treat their employees “like family” and would NEVER intentionally subject them to discrimination, harassment, retaliation, or the growing panoply of regulatory violations. Particularly with the passage of HB-1136 in Colorado last term, however, EPL Insurance provides essential protection from the very real risk that a workplace people problem will someday become a legal one.
EEO Legal Solutions is delighted to team up with business insurance expert Allan Morton of Morton Insurance and Risk Management for this in-depth look at the realities of employment litigation, the benefits of EPL insurance, and the key considerations when purchasing this protection—e.g., typical coverages and exclusions, choice of counsel, deductibles, reporting “claims,” just to name a few. We have applied for One (1) General credit through www.hrci.org.