It's simple to say that all employers should buy EPLI because they have employees. Yet not all employers have the same risk profile when it comes to employment practice liability; therefore, their insurance needs are also not the same. Understanding the basics of an employment practices liability insurance policy is key to insurance brokers, HR professionals, lawyers, and business owners. This course will walk you through the critical considerations, the things you need to do, and keep in mind when preparing to purchase EPLI.
The purpose of this guide is to help you be prepared and know which questions to ask so that you can be a well-informed buyer. By the end of this course, you will understand:
What to do and know, and mistakes to avoid before buying EPLI
The basics of an EPLI policy
What to buy? An understanding of the insuring agreements and some of the terms and conditions in a policy.
This course includes a downloadable Buyer's Guide, including a Buyer's worksheet, which can be used when meeting with an EPLI insurance specialist to review your policy or buy a new one.
Insurance is an integral part of every organization's management toolbox. It's more than just a necessary expense, something that needs to be ticked off the list every year. But the only way organizations can ensure they use their insurance to the best of their ability is to fully understand what they are buying and how it works.
For insurers and brokers, the better you understand the intricacies of EPLI policies, the better you can do your job in assisting your client.
And for buyers, risk managers, the more you understand, the better you can ensure that the policy you buy is the most suitable for your needs and that the policy, in turn, delivers when and how you need it to.
If you'd like to learn more about EPLI, including current trends impacting the employment practices liability environment, visit our website insurancetraining.center for our 2-hour course.
