Employee Benefits Liability Insurance, also known as EBL, is a type of professional liability insurance which covers an insured in the event of a claim which arise out of errors and/or omissions in the administration of a benefit plan. This can include errors and omissions such as failing to advise an employee of a benefit program, failure to enroll, terminate, or cancel an employee in the plan, and administering improper advice in regards to the benefits. Employee benefits programs can include group life insurance, group health insurance, profit sharing plans, employee stock plans, workers’ compensation, unemployment insurance, etc.
