Employment Practices Liability Insurance: Does Your Business Need EPLI?

PRIYANKA PRAKASH | September 11, 2019

article image
Employment practices liability insurance (EPLI) protects businesses when they are sued for employment discrimination, harassment, unlawful termination, or similar claims. EPLI covers the business’s cost to defend against or settle such employment-related lawsuits. Most business owners rely on a good team to help their company succeed. However, you may also expose your company to risk the moment you begin the hiring process. Lawsuits alleging discrimination and harassment are on the rise. In 2018 alone, the Equal Employment Opportunity Commission (EEOC) handled 90,558 discrimination cases and helped claimants recover $505 million in damages.

Spotlight

Fallon Health

Fallon Health is a not-for-profit health care services organization that supports the diverse and changing needs of those we serve. We are the only health plan in Massachusetts that is both an insurer and provider of care.

OTHER ARTICLES

Do I Need Professional Liability or E&O Insurance in Massachusetts?

Article | March 3, 2020

In a nutshell, Errors and Omissions (E&O) insurance is a professional liability insurance policy created to protect professionals, employers, and employees from claims of inadequate work or negligence. Here in Massachusetts, it’s a useful policy for professionals who work with contracts, finances, investments, and other risks.

Read More

Claims - the final frontier for insurtechs

Article | March 4, 2020

What is the insurtech difference when it comes to claims? Jonathan Swift mulls on how the Next Generation is starting to figure this out “The claims experience is really critical to our brand and making sure that customers are saying Digital Risks is who I am insured with. Whilst others struggle with that, we want to be a case that if you have a claim it is Digital Risks who you are dealing with.” This sentiment is interesting because there has perhaps been an – incorrect – assumption that insurtechs are really only focused on acquiring customers by making it as simple as possible.

Read More

BANKS CAN TEACH INSURERS HOW TO TURN DATA INTO PROFITS

Article | April 9, 2020

Open banking rules, particularly PSD2 regulations in Europe, have forced banks to share their customer information. Some progressive lenders have turned this threat to their businesses into a big opportunity. They’re using data-sharing ecosystems to reach more customers and launch new products. They’re also teaming up with promising business partners and expanding into fresh markets.

Read More

How is automation changing the way insurance companies work?

Article | March 3, 2020

Job automation has shaped cultures and economies since before the agricultural revolution, throughout industrial revolutions and into the current digital age. The insurance industry is not immune, with automation and innovation continuing to drive the scope for significant change. Traditional automation has been transformative in automating simple, repeatable tasks in back-end processes. Robotic process automation (RPA) combined with artificial intelligence and machine learning capabilities can be, and are being, used to automate high volume and high frequency tasks that have traditionally required human intervention.

Read More

Spotlight

Fallon Health

Fallon Health is a not-for-profit health care services organization that supports the diverse and changing needs of those we serve. We are the only health plan in Massachusetts that is both an insurer and provider of care.

Events