EPLI protects against claims of wrongful termination. Wrongful termination occurs when an employee is dismissed from their job in a manner that breaches one or more terms of the contract of employment, or a statute provision in employment law. As a business owner, having EPLI can shield you from the legal and financial ramifications of such claims.Imagine an employee at your fencing contracting business is let go due to what you perceive as poor performance. However, the employee claims the termination was unjust and sues for wrongful dismissal, alleging discrimination. In this case, your EPLI coverage would help cover legal defense costs and any settlements or judgments, up to the policy limits, associated with this claim.
EPLI protects against claims of wrongful termination. Wrongful termination occurs when an employee is dismissed from their job in a manner that breaches one or more terms of the contract of employment, or a statute provision in employment law. As a business owner, having EPLI can shield you from the legal and financial ramifications of such claims.
Imagine an employee at your fencing contracting business is let go due to what you perceive as poor performance. However, the employee claims the termination was unjust and sues for wrongful dismissal, alleging discrimination. In this case, your EPLI coverage would help cover legal defense costs and any settlements or judgments, up to the policy limits, associated with this claim.
Having EPLI coverage that includes wrongful termination is important because:
- It provides financial protection against the costs of defending against a wrongful termination lawsuit.
- It helps in maintaining your reputation in the face of legal disputes with former employees.
- It supports compliance with employment laws and can help prevent potential legal missteps in the termination process.