What Does Central Florida EPL Insurance Cover?

What Does Central Florida EPL Insurance Cover?

Many Florida businesses are increasingly faced with the harsh reality that employee-related lawsuits are on the rise in America. Discontented workers increasingly pursue claims against their employers for everything from compensation discrepancies to discrimination, sexual harassment and wrongful termination. The likelihood that a business owner today will face some sort of legal complications surrounding employment practices is relatively high, and when these allegations surface they can put a strain on Florida businesses large and small. Even as a small business the possibility that you will face a lawsuit, whether justified or not, at one time or another by an employee is very real.

As such, it is vital that Florida businesses take the proper precautions to protect their assets. Employment Practices Liability Insurance (ELPI) is type of liability coverage designed to protect businesses from claims of such wrongful acts. The most frequent types of claims covered under such policies include:

  • wrongful termination or discipline
  • discrimination
  • sexual harassment
  • employment contract claims
  • Failure to employ or promote

Additionally, EPLI policies cover claims from a variety of other types of workplace misconduct, including, but not limited to: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation. These policies are designed to cover such acts as perpetrated by directors and officers, management personnel, and other employees within a company and can be adapted to the needs and desires of the operation.

EPL is commonly written either on a stand-alone basis or as a supplemental addition for already held liability policies. While these policies are designed to cover a wide variety of incidents, coverage often excludes punitive damages, civil or criminal fines, company downsizing or plant closures, and intentional acts. The cost of Florida EPL Insurance coverage will fluctuate widely based on the size of an operation, the number of employees, type of business, and various other risk factors.  EPL coverage will reimburse an operation for legal, judgment and settlement regardless of whether your operation wins or loses the claim.

At Newman Crane, we understand how important the happiness and well-being of your employees is to the success of your business. We also know that employee-related lawsuits are on the rise. That’s why our comprehensive portfolio of business insurance solutions includes full customizable Central Florida EPL Insurance policies.  As one of the premier insurance companies in Orlando FL, we can help business owners protect themselves, their employees and all their assets from the countless risk exposures they face. To learn more about our operation, give us a call today at (407) 859-3691.