It’s becoming increasingly necessary for all firms, yet only about 50% have it. It’s employment practices liability insurance.
EPLI is coverage for claims brought by disgruntled employees, and in the current “downsizing environment” it’s a necessity, says Uri Gutfreund, specialist in law firm insurance at Singer Nelson Charlmers in New York whose actual title is Law Firm Insurance Guru.
“In the good old days when the market was hot, a law firm could let people go and they’d get picked up the next day by a different firm.” But today getting another job isn’t easy, “so they come after you.”
EPLI covers employment-related lawsuits such as claims of harassment, discrimination, retaliation, and…
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