Would you practice veterinary medicine without
malpractice or fire insurance? If you answered no—you should secure employment
practices liability (EPL) insurance immediately because it is just as
important to a practice owner. EPL coverage responds to allegations such as
wrongful termination, discrimination and sexual harassment. If you haven’t
checked out the PLIT-sponsored EPL Program yet, now is the time.
Current, former, or prospective employees may claim
they were victims of illegal employment-related discrimination such as:
- Pregnancy Discrimination
- Racial Discrimination
- Religious Discrimination
- Age Discrimination
Individuals may allege
that they were subjected to sexual harassment in the workplace.
Coverage for claims alleging discrimination or
harassment brought by a third party against the practice or its employees is
available by endorsement for an additional charge.
An EPL policy will respond to allegations from an employee
claiming he or she could no longer tolerate the work environment and was
compelled to resign or retire.
Duty to Defend
With an EPL
policy, the insurance company has a duty to defend you against covered
allegations. Transfer your risk and the legal fees to the insurance
Optional Punitive Damage Coverage Sublimit
policies exclude punitive damages.