EPLI

What EPLI underwriters learned—and what cyber underwriters have come to understand—is that protecting companies from costly claims must start with being proactive about risk management.

While this highly connective and interactive virtual environment produces productive conversations and important discussions, it also can introduce employment practices liability insurance risks to your business.

Many businesses are cautious heading into the economic headwinds of a recession and may drop coverage to save money, making selling EPLI even more challenging.

“Not all EPLI policies are created equal,” says independent agent Christopher Paradiso. “It is so very important that we can educate our clients to make sure we are helping them make the best decision with the right carrier.”

Employers continue to deal with EPLI concerns relating to the impact of COVID-19, as well as increased legislative activity at both the state and federal level.

Your commercial clients could be leaving a huge risk exposed if they don’t reckon with diversity, equity and inclusion (DE&I).

“It’s really important for every commercial client to have this coverage, which we’re keeping in mind as we’re growing our commercial book,” says independent agent Melissa Stallings. “As I’ve learned, employees are the bread and butter of a business.”

As more offices reopen and employees are being asked to return to the office, agents can play a pivotal role in helping clients avoid employment practices liability insurance (EPLI) claims.

As more offices reopen and employees return to work, employers are expecting to see an increase in discrimination and retaliation claims and whistleblowers reporting unsafe workplace conditions.

​Like the driver who realizes they should have buckled their seatbelt after an accident, employment practices liability insurance is a coverage that most small businesses think they don’t need.