Longmont, CO Employment Practices Liability (EPL) Insurance

Employment Practices Liability Insurance (EPLI) differs from Commercial General Liability where defense costs are covered in addition to policy limits. Instead, EPLI policies are written with provisions that reduce the policy’s limits according to insurer payment of defense costs. It is also important to note that employment practices liability insurance operates on a claims-made basis, meaning policyholders will receive benefits only if covered at the time of the incident and the time of the filing. Clients can choose to purchase Employment Practices Liability coverage separately or as part of a management liability package, which also provides Directors and Officers Insurance as well as Fiduciary Liability.

If you are interested in learning how Employment Practices Liability Insurance can protect the welfare of your business when facing employee claims, the expert agents at Mountain Insurance: Longmont would be happy to help discuss the right type of coverage for your specific needs.