Employee Practices Liability insurance is an important policy that almost all businesses can benefit. With the risk of being sued by an employee three times higher than the risk of a fire and the cost of an average employment liability lawsuit rising 26% in just the last three years, a good policy is vital to help cover the costs of legal fees and a potential award. Covering claims alleging wrongful termination, demotion, failure to promote, discrimination, and sexual harassment, an EPLI policy is strongly recommended for most businesses.

On average only 30% of businesses have a standalone EPLI policy, with 60% of those without a policy assuming they are covered by one of their other policies. As the risk of being sued increases and the cost of such a suit balloons, not having a policy in place could be extremely cost or possibly even catastrophic for your business.