Employee Practices
The number of claims by employees against their employees continues to escalate. Can your business afford to defend itself against alleged wrongful employment practices such as discrimination, harassment, or termination?
As an employer, you must be careful how you treat your employees. And you must be sure you can afford a defense should your company become the target of a wrongful employment claim. A claim like this can be expensive to defend.
That’s where Bowers come in. We offer an Employment Practices Liability insurance program developed specifically to protect employers.
The policy provides defense and indemnity coverage for claims arising from the employer/employee relationship. The policy covers employers – plus all current and former employees, directors, officers, and even the corporate entity – from a broad spectrum of employment-related claims.
Our Employment Practices Liability Insurance (EPLI) program provides the protection employers need.
Risk management consultation:
- Services include consultation, HR assistance, and more, at nocharge.
Features of the add-on coverage for EPLI:
- A separate policy limit of $100,000 for each related wrongful employment practice/$100,000 aggregate;
- $250,000 limit available for qualifying risks;
- A deductible of $5,000; and
- No application required.
Features of the stand-alone EPLI:
- Limits from $250,000 for each related wrongful employment practice/$250,000 aggregate to $2,000,000 for each related wrongful employment practice/$2,000,000 aggregate, with defense costs included within policy limits;
- Defense costs outside the policy limits (for qualifying risks)
- Third party liability coverage (for qualifying risks)
- A deductible of $5,000 to $25,000;
- The business must have three or more employees;
- Each risk is individually underwritten and priced on state of operation, class of business, and individual characteristics; and
Optional coverages:
- Volunteer workers can be included as additional insureds; and
- An extended reporting period endorsement of 12 or 36 months can be added. All coverage is written on a claims-made basis.
Coverage provided:
Claims arising out of your “wrongful employment practice(s),” which means any actual or alleged act of:
- “Harassment,” or
- “Discrimination”;
- Any actual or alleged wrongful dismissal, discharge, or termination (either actual or constructive of employment);
- Employment-related misrepresentation;
- Employment-related libel, slander, humiliation, defamation, or invasion of privacy;
- Wrongful failure to employ or promote;
- Wrongful deprivation of career opportunity, wrongful demotion, or negligent evaluation;
- Wrongful discipline;
- Vicarious liability for intentional acts;
- Punitive damages; or
- Coercion or humiliation as a consequence of race, marital status, gender, age, physical and/or mental impairments, pregnancy, sexual orientation, or any other protected class or characteristic established by any applicable federal, state, or local statute.
The Bowers Group…Real Solutions for the Real World.