Mississippi has 440,399 people that work for small businesses. When you hire a staff, there are several risk exposures you'll have to take into account. Mississippi business insurance will have an option to include employment practices liability protection.

A Mississippi independent insurance agent has access to multiple carriers so that you're getting the best coverage for a fair price. They do the shopping for free, saving time and money. Connect with a local expert to get started today.

What Is Employment Practices Liability Insurance? 

When you're a small Mississippi business, cash flow can fluctuate. You're responsible for what can go wrong when you have employees. Check out the coverage that can help:

• Employment practices liability insurance (EPLI): Pays for your legal defense when an employee files a lawsuit against you. This can be a claim of discrimination, sexual harassment, and many others. 

What Does Employment Practices Liability Insurance Cover in Mississippi?

In Mississippi, $3,120,632,000 in commercial insurance claims were paid in 2019 alone. When you obtain adequate coverage, you'll have protection against a variety of lawsuits. EPLI provides coverage for legal expenses arising from the following claims:

• Sexual harassment
• Wrongful termination
• Breach of an employment contract
• Discrimination
• Violation of local and federal employment laws
• Infliction of emotional distress or mental anguish

US gender wage gap by industry 

Your business can be on the hook for failure to employ or promote, mismanagement of employee benefits, defamation of character, and privacy violations. Make sure that you're getting the right protection by reviewing your policies for accuracy.

What Doesn't Employment Practices Liability Insurance Cover in Mississippi?

Every commercial insurance policy will come with a list of exclusions. Check out what losses a Mississippi EPLI could deny: 

• If your company violates an industry-standard guideline from OSHA, a claim will be voided. 
• When there is a data breach, EPLI will not cover any damages that arise from stolen employee information.
• There will be exclusions for punitive damages or criminal act losses as well.

Employment Practices Liability Insurance Cost in Mississippi

Your Mississippi insurance premiums will vary and be unique to your day-to-day operations. Carriers look at multiple risk factors when rating your policies. In Mississippi, employment practices liability premiums are calculated based on the following:

• Your experience level
• The safety practices you have in place
• If you have a human resources department
• How you deal with hiring
• How you deal with termination
• Prior claims reported

Number of employees paid below minimum wage in the US, by education (in thousands)

If an employee sues your company for being underpaid or discriminated against, you could be out hundreds of thousands of dollars. With proper coverage, you won't have to pay it out of pocket.

Employment Practices Liability Insurance Third-Party Coverage in Mississippi

Third-party EPLI is necessary to have complete protection against a lawsuit. Third parties can still file a claim against your business for discrimination. Check out what third-party employment practices liability covers in Mississippi:

• Third-party employment practices liability coverage: This is a separate insuring agreement within employment practices liability insurance (EPLI). It covers liability claims brought by non-employees against employees of your business.

How to Work with a Mississippi Independent Insurance Agent

Mississippi business insurance can pay for several lawsuits that could come your way. When you have the right coverage in place, you won't have to worry about paying for claims on your own. Employment practices liability insurance can be found through a trusted adviser.

A Mississippi independent insurance agent has access to multiple markets so that you have options on policy and price. They do the shopping at no additional cost, saving you time. Connect with a local expert on TrustedChoice for custom quotes in minutes.