Does EPLI protect against discrimination claims made by customers?
While it’s less common, customers could also file a discrimination lawsuit. So too might vendors, and others who interact with a business but aren’t employees.
Select EPLI policies may offer protection against claims of discrimination that are made by customers or vendors. This coverage isn’t available in all EPLI policies, but might be in some policies.
If customer discrimination claims are of particular concern, an insurance agent who specializes in EPLI can help look for a policy that has coverage for third parties.
How much do businesses pay for EPLI coverage?
The premiums that businesses pay for EPLI coverage vary, as every employment situation is unique. Factors like industry, annual revenue and any past claims history often impact cost. So too do the number of employees, salaries of employees, business’s hiring and termination policies, and employee turnover rate.
An easy way to find out how much EPLI will be in a particular situation is to compare policy options with an independent insurance agent. Independent agents are able to check policies from multiple insurers, since they aren’t obligated to any single one.