Home Health Care Liability
Insurance and Hospice Liability Insurance
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EPL Insurance
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It is
important to know exactly what your
policy covers before you are named as a
defendant in a lawsuit.
First, it is important to read your policy and be sure you understand what, exactly, is covered and what is not.
When you read your Professional & General Liability policies, you will note some important exclusions;
Shareholder vs Shareholder
Employee vs Employer
Directors & Officers Liability and Employment Practices Liability insurance policies can offer protection for these types of lawsuits.
It is common to include the Employment Practices Liability coverage in the Directors & Officers Liability policy, or to purchase it on a "stand-alone" basis.
This website provides the information you will need to understand the basic differences, and make the proper decisions for your company.
Employment
Practices Liability
Directors & Officers Liability
Employment Practices Liability
Directors & Officers Liability
Employment Practices Liability
Driven by an explosion of employment related
lawsuits, employment practices liability (EPLI)
coverage is a growing segment of the insurance
industry. Recent legislative and legal changes have
provided significant incentives for employees to file
employment-related claims, and employers now possess
an increased awareness of employment exposures and
are receptive to coverage recommendations that offer
greater risk protection.
Over the last several years, litigation related to
employee complaints alleging discrimination,
harassment and wrongful termination has increased
dramatically. These suits can be costly-hundreds of
thousands, even millions of dollars. Even an
employment related claim without merit can cost an
employer $10,000 - $20,000 to defend.
EPLI coverage typically provides coverage for
employment claims from the following areas:
- Wrongful employment (hiring or termination)
- Sexual harassment
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Discrimination
Failure to Promote
EPLI coverage is typically written on a claims-made
basis.
The exposures presented by employers vary
considerably. In selecting and pricing professional
risks, underwriters look at a variety of factors.
These include the obvious ones, such as the number of
employees and the location of the risk. Other factors
include the industry, employment practices, loss
experience and operating characteristics.
Because of these variables, EPLI policies come in a
wide range of types and are offered by a number of
different insurers. Often, the best price, coverage
and service option may be provided by a smaller
specialty insurer rather than a well-known
multi-lines insurer.
This information is designed for general
informational and descriptive purposes only. The
precise wording of each coverage is subject to
specific conditions and endorsements of the actual
policy issued. Always read your policy very
carefully!
