Management Insurance
Private Companies & Non-Profit Organizations
Employment Practices Liability
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Coverage Description
Coverage for defense costs and damages related to various employment-related claims, including allegations of Wrongful Termination, Discrimination, Workplace Harassment and Retaliation deriving from the employer-employee relationship.
New Product Features
Expanded coverage and broad definitions
Broad definition of wrongful employment practice includes coverage for workplace harassment, discrimination, retaliation, breach of employment agreement, wrongful termination, violation of the FMLA, invasion of privacy and failure to create or enforce adequate employment policies and procedures
Expanded definition of discrimination covers any claim based on violation of employment discrimination law or disparate treatment
Coverage for damages measured by the value of stock options or other employee benefits as well as liquidated damages awarded under the Age Discrimination in Employment Act and the Equal Pay Act
Coverage for claims brought by independent contractors, leased employees and volunteers
Punitive damages covered if insurable under the applicable law most favorable on the issue of insurability
Worldwide coverage
Noncancellable except for nonpayment of premium
Third Party coverage available to qualified insureds
Liberal Settlement Provisions
10% reduction in retention if insured accepts first settlement offer
Softened settlement clause provides insured with coverage for 70% of damages and defense expenses in excess of settlement offer rejected by insured
Reimbursement option (select your own counsel) available to qualified insureds
Other Product Features
Risk management services
In addition to offering effective employment practices liability insurance, access to Risk Management PLUS+ Online® is included with the coverage. This comprehensive, cutting-edge risk management program delivered via the Internet helps decrease exposure to employment related claims by providing loss prevention tools, risk management resources, workplace information and training to our EPL policyholders.
