EPLI protects businesses from employee-related claims such as discrimination, harassment, and wrongful termination. It helps cover legal fees and settlements arising from workplace disputes.
Professional Liability Insurance, also known as Errors and Omissions (E&O), protects professionals from client claims involving negligence, mistakes, or incomplete work. It is vital for service-based businesses like consultants, lawyers, and IT professionals.
EPLI focuses on internal risks related to employees, while E&O handles external risks from clients. Each policy covers a distinct set of liabilities and does not overlap in coverage.
Both EPLI and E&O are usually written on a claims-made basis, meaning the policy must be active when a claim is made. EPLI tends to be more expensive, with average premiums around $1,824 annually, while E&O averages around $713.
Relying on just one type of insurance could leave your business exposed to certain legal claims. Having both EPLI and E&O provides comprehensive protection against a wide range of potential lawsuits.
Don’t leave your company exposed—get the right coverage today. Whether it’s Employment Practices Liability or Professional Liability Insurance, ensure you're protected from both internal and external legal risks. Call us at 720.923.1500 to talk to an expert and find the policy that fits your business.