Employment Practices Liability Insurance protects your business if an employee sues for wrongful termination or any other employment-related violation including breach of contract, harassment, discrimination based on sex race, age or disability, mismanagement of benefits, and or failure to promote.
The cost of an Employment Practices Liability policy depends on a variety of factors, including:
- Number of Employees
- History of Hiring and Termination Practices
- Turnover Rate
- Company’s Risk Profile
- Established Company Policies Already in Place