What does Breach of An Employment Contract mean? Read on to discover the definition & meaning of the term Breach of An Employment Contract - to help you better understand the language used in insurance policies.
Breach of An Employment Contract
A type of claim in which an employee alleges that an employer has breached the terms of an agreement governing the terms of employment, of which there are two basic types: (1) a written employment contract and (2) an implied contract of employment. Virtually no employment practices liability insurance (EPLI) policies cover indemnity payments (i.e., settlements and judgments) involving breach of a written employment contract, and only a handful cover the defense costs pertaining to such claims.
We hope the you have a better understanding of the meaning of Breach of An Employment Contract.