What is Employment Practice Liability Insurance (EPLI) for Business Owners? (Updated 2024)
Photo by The New York Public Library on Unsplash Author: Andrew Lee About 3 minutes read. For business owners and professionals, you are not a stranger to E&O - Errors and Omission Insurance, also known as Professional Liability/Indemnity Insurance (PLI/PII) particularly for professional services, but do you know if it covers Employment Practice Liability (EPL), D&O, and more when you run a business? Probably not. For those that are interested in starting your own business or start-up, please read on. These are some important information that are critical but neglected easily when people focus on their business. I hope this article could remind business owners and professionals to review your policy from time to time to make sure you have the appropriate cover especially your policy limits (e.g. damage and defense costs), retention, coverages, etc. and more context on setting up proper insurance for your business's risk management. Further more, w...