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EPLI Insurance Up in Wake of Scandals

With the rise in high-profile scandals, companies from large to small have significantly increased their employment practices liability insurance coverage for sexual harassment, racial discrimination, and wrongful termination claims...
November 7, 2017

With the rise in high-profile scandals, companies from large to small have significantly increased their employment practices liability insurance (EPLI) coverage for sexual harassment, racial discrimination, and wrongful termination claims.

MarketStance projects the EPLI market to reach $2.7 billion by 2019. Forty-one percent of firms with 1,000 workers or more now have a plan to cover damages related to sexual harassment and discrimination, compared to 33 percent of companies with at least 500 workers and 3 percent of firms with fewer than 50 workers. U.S. companies spent an estimated $2.2 billion last year on insurance policies covering the legal fallout from sexual harassment, racial discrimination, and unfair-dismissal accusations.

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