EPLI

EPLI, or Employment Practices Liability Insurance, is a specialized insurance that protects businesses against lawsuits related to employment issues. This includes claims of wrongful termination, discrimination, harassment, retaliation, or wage disputes. If an employee or former employee sues the company for unfair treatment or employment practices, EPLI helps cover legal costs, settlements, and damages. It’s an important safeguard for companies to manage the financial risks associated with employment-related legal actions, ensuring they can address claims without facing significant financial strain.