Employment Practices Liability
Other Professional Coverages:TARGET ACCOUNTS
- Employers with 250 employees or less
- Non-standard risk focus - newly formed, employers in hard to place SIC codes
- Will write auto dealers, restaurants & bars, manufacturers, and law firms
WHAT DOES OUR POLICY OFFER?
- Limits available: up to $1M per claim
- $2,500 minimum premium
- Duty to Defend
- Full prior acts available
- Automatic coverage for subsidiaries
- Worldwide coverage (suit must be brought in the U.S.)
- 90 days to report a claim after the policy period
- 100% defense cost allocation
- Automatic coverage for subsidiaries (up to 35% of employees created or acquired during the policy period)
- 80/20 settlement clause (hammer/cooperation clause)
- Damages include punitive or exemplary damages up to the limit of liability
- Broad definition of a claim
- Coverage of claims brought by current and former employees and applicants
- Base form includes 3rd Party
- Coverage extends to the entity, its subsidiaries, employees, D&O’s, and executives
- Carve-back for retaliation for all exclusions
- Definition of an employee includes full time, part time, seasonal, temporary, interns and volunteers
- Independent contractors included as insured persons
- Severability of all exclusions
- No fraud exclusion or intentional acts exclusion
- Policy is primary except as expressly stated otherwise
- Non-cancelable by insurer except for nonpayment of premium
OPTIONAL COVERAGE (PREMIUM BEARING)
- Wage & hour defense costs - $100K sublimit
- Employee privacy coverage - $50K sublimit
- IRCA investigation defense - $50K sublimit
- Workplace violence - $50K sublimit
- Defense outside
- Full non-rescindable
- State specific deductible