Employment Practices Liability Insurance

Released On 26th May 2021

Insurance Market Outlook

The employment practices liability (EPL) market tends to be closely aligned with overall developments in the UK’s economic environment. With that in mind, it should come as no surprise that the EPL market is facing a problematic year. The coronavirus pandemic and subsequent lockdowns have led to an economic downturn that is expected to extend through 2021. Industry experts expect that this will lead to an approximate 0.3 per cent decrease in the EPL market’s gross written premium. This market is directly tied to the number of employers and employees in the UK. With many organisations having reduced their workforces or halted operations altogether, it’s projected that EPL premiums will be negatively affected and rates will rise

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