EPLI claims can be very expensive to defend; being properly insured is crucial.
Defense costs are covered by these policies. EPLI insurers know how to litigate these for the most favorable outcomes.
EPLI will cover losses when the claim is made during the policy period, but the event that causes the claim does not necessarily need to occur during the policy period.
This is optional coverage that covers alleged harassment or discrimination by an insured against a non-employee.
EPLI is usually written as part of a Directors & Officers Liability policy, but can also be provided on a stand-alone basis.