Accounting Firms Insurance
Employment Practices Liability Insurance
for Accounting Firms
Accounting firms have demanding professional environments with significant overtime during tax season, creating conditions where employment claims arise. EPLI protects your firm from lawsuits by employees alleging discrimination, wrongful termination, or harassment.
Industry-Specific Insight
Why Accounting Firms Businesses Need Employment Practices Liability Insurance
Accounting firms have demanding professional environments with significant overtime during tax season, creating conditions where employment claims arise. EPLI protects your firm from lawsuits by employees alleging discrimination, wrongful termination, or harassment.
Coverage Details
What Employment Practices Liability Insurance Covers
Key protections included in a employment practices liability policy for accounting firms operations.
FAQs
Common Questions from Accounting Firms Businesses
Does EPLI cover claims from seasonal tax preparers?
If seasonal workers are classified as employees, they're covered. If classified as independent contractors, standard EPLI may not apply. Proper worker classification is essential.
What is the average cost of an employment lawsuit without EPLI?
The average employment lawsuit costs over $100,000 to defend and settle. EPLI covers those costs, including legal fees even for groundless claims.
Aren't I already covered by general liability?
No — employment-related claims are specifically excluded from general liability policies. EPLI is a separate, specialized policy designed specifically for the employment relationship. Most businesses with even a handful of employees should consider it.
Does EPLI cover wage and hour violations?
Standard EPLI policies typically do not cover wage and hour class action claims under the Fair Labor Standards Act (FLSA). Some carriers offer a limited endorsement. It's an important detail to review. A licensed agent can explain what's included and what's excluded.
Complete Coverage
Other Coverages Accounting Firms Businesses Commonly Need
A complete protection plan for accounting firms operations typically includes several complementary coverages.
Accounting Firms · Employment Practices Liability
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