Empower Your Business, Protect Your People: Comprehensive Coverage with Employment Practices Liability Insurance
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Equal Pay Insurance
Equal Pay Insurance
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Ensuring pay equity is not just a legal requirement but a moral imperative in today’s workplace. Through EPLI, access specialized Equal Pay Insurance to protect your business against claims of unequal pay
What Australian Law Says
Equal pay and gender pay equity in Australia are governed by the Fair Work Act 2009 and the Workplace Gender Equality Act 2012. These laws mandate that men and women performing the same work, or work of equal value, must receive equal pay. Non-compliance can lead to legal challenges and reputational damage.
Consequences of Equal Pay Liability
Violations of equal pay laws can result in significant legal and financial repercussions for businesses, including penalties, back pay awards and damage to brand reputation. It can also negatively affect employee morale and attract public scrutiny.
How Equal Pay Insurance Helps
EPLI facilitates access to Equal Pay Insurance, offering protection against claims of wage discrimination based on gender or other legally protected characteristics. This insurance covers legal defence costs, settlements, and damages, providing a crucial safety net for businesses.
What's Covered in Equal Pay Insurance?
Equal Pay Insurance policies provided through EPLI typically include coverage for:
- Legal defense
- Any settlements
- Court-awarded compensation
Policy specifics, such as limits and exclusions, are crucial for businesses to understand. EPLI aids in navigating these options to find the best fit for your business needs.
What is typically not covered?
Not all incidents are covered under equal pay insurance, such as:
- Intentional breaches of equal pay laws
- Discrepancies due to tenure, education, or experience
- Claims related to bonuses or non-monetary compensation
- Pre-existing incidents or known disputes
Why Partner with EPLI for Equal Pay Insurance?
EPLI’s expertise in the field of Employment Practices Liability Insurance extends to issues like equal pay. Our understanding of Australian legislation and the complexities surrounding pay equity ensures that we connect you with the most appropriate insurance solutions.
Contact Us
Align your business with the principles of pay equity. Consult with EPLI for guidance on Equal Pay Insurance solutions that cater to your specific requirements.