Employer Practices Liability Insurance is a type of cannabis insurance coverage that covers claims made by workers who are suing the company for violating their legal rights as employees.
It provides a protection for the employer in the event of claims made by employees, former employees or possibly future employees.
It provides a protection for the employer in the event of claims made by employees, former employees or possibly future employees.
Providing Employment Practices Liability Insurance for the cannabis supply chain:
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Cultivation – Indoor, Greenhouse & Outdoor
Third-Party Processors & Harvesters Infused Product Manufacturers Laboratories & Testing |
Wholesalers & Distributors
Manufacturers of Goods and Equipment Dispensaries & Retail Operations Transportation & Delivery Landlords |
Do you need Employment Practices Liability Insurance (EPLI)?
If your cannabis business has employees there’s always the risk of claims. This insurance would cover your business against claims by workers that their legal rights as employees of the company have been violated. All it takes is one disgruntled worker that can put your business at risk if they bring a lawsuit against your business, regardless of the outcome.
This coverage provides protection against many kinds of employee lawsuits, including claims of:
Your Cannabis General Liability Insurance does not provide any protection and cover the exposures that are covered within an Employer Practices Liability policy.
This coverage provides protection against many kinds of employee lawsuits, including claims of:
- Sexual harassment
- Discrimination
- Wrongful termination
- Breach of employment contract
- Negligent evaluation
- Failure to employ or promote
- Wrongful discipline
- Deprivation of career opportunity
- Wrongful infliction of emotional distress
- Mismanagement of employee benefit plans
Your Cannabis General Liability Insurance does not provide any protection and cover the exposures that are covered within an Employer Practices Liability policy.
Employment Practices Liability Insurance Costs
Employment Practices Liability Insurance costs are based on a number of factors which include:
Reach out to me if you’re considering cannabis business insurance. I will discuss with you how Employment Practices Liability works and assess if it fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative Employment Practices Liability Insurance quotes from multiple insurance carriers so you can get the best possible rate.
As an insurance broker I help Cannabis businesses manage risk through insurance.
- Financial strength of business
- Number of employees
- Are internal dispute resolution procedures in place?
- Are handbooks given to new employees?
- Does the employee handbook in place which clearly define the following:
- Employment At Will contract and not Guaranteed Employment
- What constitutes sexual harassment
- Procedures to follow to file an EPL complaint
- Has management been educated on company procedures with respect to:
- Hiring/Firing
- Promotion/Demotion
- Has management been educated on company procedures with respect to:
- Limits of coverage
- Deductible options
- Loss history
Reach out to me if you’re considering cannabis business insurance. I will discuss with you how Employment Practices Liability works and assess if it fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative Employment Practices Liability Insurance quotes from multiple insurance carriers so you can get the best possible rate.
As an insurance broker I help Cannabis businesses manage risk through insurance.