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 Every employer, large or small, may be the target of a legal action from a past, present, or prospective employee. The number and frequency of employment-related claims continues to increase along with the legal, administrative, and soft costs to the employer to resolve such claims. Employment practices liability insurance can protect an employer in the event of such claims.
Most comprehensive general liability policies specifically exclude employment-related claims. A directors and officers policy may offer a limited form of insurance coverage, but will probably not extend coverage to the business entity.
Employment practices liability insurance is most often used to provide comprehensive protection against events arising out of the employment relationship. The coverage terms can include Employees, Board of Directors, Officers, and third party exposures.
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