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In today’s workplace, protecting your business from employee-related risks is more important than ever. Employment Practices Liability Insurance (EPLI) from Titan Risk provides essential coverage that shields your company from claims of wrongful termination, discrimination, harassment, and other employment-related issues. Whether you run a small business or a large organization, our EPLI solutions ensure that you are protected against the legal and financial consequences that can arise from employee claims and lawsuits.
At Titan Risk, we recognize that every workplace has its own unique challenges. That’s why our EPLI solutions are tailored to fit the specific needs of your business, offering comprehensive protection and peace of mind. With Titan Risk, you can focus on fostering a positive work environment, knowing that your company is safeguarded against potential employment practices risks.
Titan Risk is dedicated to providing comprehensive Employment Practices Liability Insurance (EPLI) solutions that protect your business from employment-related claims. With a focus on tailored coverage and superior service, our EPLI offerings help safeguard your organization against the financial and reputational impact of employment disputes. Here are the key features of our EPLI insurance:
Employment Practices Liability Insurance (EPLI) protects your business or non-profit against claims made by employees alleging wrongful acts related to employment. This includes claims for discrimination, wrongful termination, harassment, retaliation, and other employment-related issues. EPLI covers legal defense costs, settlements, and judgments associated with these claims.
To move your EPLI insurance to Titan Risk while keeping your current carrier, simply contact us. You’ll need to sign an Agent of Record (AOR) letter, which authorizes Titan Risk to take over as your representative. We’ll submit the AOR letter to your carrier, who will update their records to reflect Titan Risk as your new agent.
Yes, EPLI is crucial for businesses and non-profits of all sizes. Employment-related claims are common and can be costly, even if your organization is ultimately found not at fault. EPLI provides financial protection against these risks, ensuring that you can defend against claims and manage the costs associated with legal disputes.
EPLI premiums are determined based on factors such as the size of your organization, the number of employees, your claims history, the industry in which you operate, and the specific risks associated with your employment practices. Businesses with a history of employment-related claims or those in high-risk industries may face higher premiums.
Common examples of employment practices claims include allegations of discrimination based on race, gender, age, or disability, wrongful termination, sexual harassment, retaliation for whistleblowing, and violations of wage and hour laws. These claims can be brought by current, former, or prospective employees.
In EPLI, a claims-made policy provides coverage if the claim is made during the policy period, regardless of when the incident occurred, as long as it’s within the coverage period. An occurrence policy, on the other hand, covers claims for incidents that happen during the policy period, even if the claim is filed after the policy has expired.
A retroactive date in a claims-made EPLI policy is the earliest date that an incident can occur and still be covered under the policy. Claims arising from incidents before the retroactive date are not covered. It’s important to choose a retroactive date that provides adequate protection and avoids gaps in coverage.
EPLI coverage on a businessowners policy (BOP) might provide some protection, but it’s often limited in scope and may have lower coverage limits. Depending on your business’s size and risk profile, you may need a standalone EPLI policy to ensure comprehensive coverage that fully addresses the specific risks associated with employment practices.
Wage and hour coverage is an endorsement to an EPLI policy that provides protection against claims alleging violations of wage and hour laws, such as failure to pay overtime, minimum wage violations, or improper employee classification. This coverage helps cover legal defense costs and settlements related to these claims, which are increasingly common.
Third-party coverage extends the protection of your EPLI policy to claims made by individuals who are not employees, such as customers, vendors, or clients. It covers allegations of discrimination or harassment committed by your employees against these third parties, providing broader protection for your organization.
The amount of EPLI coverage your business should carry depends on factors such as the size of your organization, the number of employees, the industry you operate in, and your exposure to employment-related claims. Small to medium-sized businesses might consider limits starting at $1 million, while larger organizations or those in higher-risk industries may require higher limits to ensure adequate protection.
Titan Risk offers a comprehensive range of commercial Property and Casualty (P&C) insurance products designed to protect your business from a variety of risks. Whether you need coverage for your property, liability protection, or specialized policies tailored to your industry, Titan Risk has you covered.
Here’s a list of the key P&C insurance products you can purchase from Titan Risk:
