Cannabis Business Insurance
Employment Practice Liability Insurance provides protection for an organization or its employees from claims relating to wrongful employment practices by its executives, partners, principals, employees, and if necessary, independent contractors. Some cannabis business owners do not realize that they could be held liable for a situation in which one of their managers makes an inappropriate comment overheard by another employee.
Why Do Cannabis Businesses Need
an EPLI Policy?
Keeping up with changes in employment regulations and changing public attitudes has created increased liability for employers. Even the most diligent employer cannot control human behavior. While a company may have strict employee guidelines and procedures in place, it’s impossible to know how an employee will react to their workplace environment. With EPLI coverage, a company can be better protected to mitigate the costs incurred for defending an employee workplace claim.
If your insured’s company hires or fires employees, deals with promotions and demotions, modifies compensation packages, issues statements to employees, or manages employee benefits, obtaining EPLI coverage is a must.
Although only a small share of employment claims are related to claims brought by the U.S. Equal Employment Opportunity Commission (EEOC), recent statistics show how frequently these issues occur.
Number of discrimination charges filed with the EEOC in 2022.
Get the Cannabis Employment Practice Liability Insurance (EPLI) Guide
Coverages Commonly Provided Under an EPLI Policy
- Hostile Work Environment
- Sexual Harassment (Employees/Third Parties, Clients, Vendors, or Independent Contractors)
- Immigration Status Discrimination
- Discrimination (e.g. age, race, or gender)
- Wrongful Demotion or Termination
- Failure to Employ or Promote
- Claims from Prospective Employees/Applicants
- Family Medical Leave Act (FMLA)
Coverages Commonly Excluded Under an EPLI Policy
- Civil Fines
- Wage and Hour (FLSA)
- Criminal Fines
- Unpaid Wages
- Intentional Acts
- Unemployment Claims
- Workers Compensation Claims
Let’s talk about your client’s Employment Practices Liability insurance needs. We can provide comprehensive solutions to meet the needs of your insureds. Contact a cannabis industry insurance expert today.
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