What is EPLI?
Posted: 15 September 2017
EPLI stands for 'Employment Practices Liability Insurance', and is there to protect you and your business against claims or disputes by your employees.
SKB Risk has partnered with a highly respected network of law firms, United Employment Lawyers (UEL) to offer a bespoke EPLI package to help you manage your employment practice risks.
Here's a quick run-down of the features of the industry leading EPLI policy and what it's all about.
Q & A
1. What is Employment Practice Liability?
It’s an insurance policy designed to cover any legal liabilities you may have in relation to any employment dispute.
2. What does the cover do?
It responds to a claim from an employee, past employee or potential future employee alleging that the business has failed in their duties to the individual.
Cover would apply for any defence costs in defending an action and any subsequent court or tribunal action. Cover will also extend to pay any damages awarded to the claimant.
4. Would any unfair dismissal claim be covered?
Yes. Subject to the normal Unfair Dismissal rules and regulations.
5. What about discrimination actions?
There are currently six protected classes – race, sex, disability, sexual orientation, religion and age. These would all be covered. It’s important to note that any of these claims would not be subject to any cap on damages.
6. How does the cover operate?
You can buy the cover for various limits of indemnity to meet your own needs. Cover starts with limits of £250,000. This would be the annual limit, in the aggregate, in any one period of insurance.
7. What advantages do I get for working with UEL and accessing this cover?
The premiums are highly competitive. Policy pricing reflects that those businesses working with UEL have better employment risk management and discipline.
These policies are normally subject to an excess – working with UEL on any potential employment matter allows RSA to waive the need for this excess. This saves you money.
Acceptability criteria follows on with the work undertaken with UEL. Once you’ve partnered with UEL, you can immediately access the cover.