Employment Practices Liability Insurance in Mississippi
Critical coverage if you have employees
Legislation such as the Family Medical Leave Act and the Americans With Disabilities Act, plus a growing number of job-related lawsuits and claims, have created the need for business owners to consider a type of insurance known as employment practices liability insurance. Employment practices liability insurance, or EPLI, as it’s often referred to typically covers claims made by employees against a business, its officers or directors, or other employees and managers.
How does Employment Practices Liability Insurance Protect Companies?
All companies, regardless of their size, should always look to their own business strategies and policies as the first line of defense against employment-related claims; however, EPLI is another valuable tool in a business owner’s coverage toolbox.
The types of charges that may come under EPLI coverage consideration include the following:
- Gender, age, and other types of discrimination
- Sexual harassment
- Wrongful termination or wrongful discipline
- Negligent compensation, promotion, or hiring
- Breach of employment contracts
- Invasion of privacy
- Emotional distress and/or mental anguish
- Libel or slander
- Mismanagement of employee benefits
While some directors’ and officers’ insurance policies cover EPLI as well, that coverage is limited to those officers and will not cover the wide range of employees that most Mississippi businesses have on staff.
What type of employment practices liability insurance does your organization need? Not exactly sure? Call the Nowell Agency team of insurance pros at 601.992.4444 to discuss and get the right advice.
EPLI Policies Generally Exclude Some Coverage
As with any insurance product, there are certain exclusions and employment practices liability insurance is no different. The typical EPLI policy excludes coverage for violations of the following:
- Occupational Safety and Health Act (OSHA)
- Fair Labor Standards Act
- State Employment Law
- Consolidated Omnibus Budget Reconciliation Act (COBRA)
- Employee Retirement Income Security Act (ERISA)
- Punitive damages and intentional institutional claims
The terms of EPLI coverage included with a packaged policy can be very different than the terms in a typical general liability policy. It’s important, therefore, for Mississippi businesses to have a trusted underwriter who can explain the details of their employment practices liability insurance.
At The Nowell Agency, Inc., we will explain what policies are available and customize the best package for you. For nearly three decades, we have served Mississippi with a variety of insurance products and most, importantly, valuable advice to go with it.
Contact us to consult an experienced and knowledgeable broker and get competitive quotes for employment practices liability insurance in Mississippi.