EPLI is a specialized insurance that protects nonprofit organizations against claims made by employees alleging discrimination, wrongful termination, harassment, and other employment-related issues.
Why is EPLI Essential for Nonprofits?
Nonprofits often operate with limited resources, and facing a lawsuit without adequate protection can be financially devastating. EPLI provides a safety net, ensuring that the organization can navigate legal challenges without compromising its mission.
Who Needs EPLI?
Every nonprofit organization that has employees or volunteers should consider EPLI. It is essential for protecting the organization against the financial and reputational damages of employment-related claims.
Cost of EPLI for Nonprofits
The cost of EPLI varies based on several factors such as the size of the organization, number of employees, and claim history. On average, nonprofits can expect to pay between $800 to $3,000 annually for a policy.
Employment Practices Liability Insurance (EPLI) for Nonprofit Organizations
Navigating the realm of employment practices within a nonprofit organization comes with its unique challenges and liabilities. Employment Practices Liability Insurance (EPLI) emerges as a crucial safeguard, protecting organizations from claims arising from employment-related issues.
Possible Claims Examples
Wrongful Termination: An employee claims they were unjustly fired due to discriminatory reasons.
Harassment: An employee alleges that they have been subjected to a hostile work environment.
Discrimination: An employee believes they were overlooked for a promotion due to age discrimination.
Retaliation: An employee claims retaliation after reporting unethical practices within the organization.
DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Read your policy or consult with your agent for details. Your eligibility for particular products and services is subject to final underwriting and acceptance by the insurance company providing such products or services.
This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Be sure to read the policy, including all endorsements, or prospectus, if applicable.