► Employment Practices Liability

As an insurance agent, you should inform all clients that Employment Practices Liability Insurance is available. The standard policies cover:

Discrimination § Sexual Harassment § Wrongful Termination

Covering indemnity payments is important, but even more important to a smaller company is coverage for the legal expenses. There are 200,000 EEOC state agency charges per year. About 20,000 charges result in litigation with an average award of $167,000 and average legal fees in excess of $100,000; 8% of all awards are more than $1,000,000! The worst part about an Employment Practices loss is that your client may have done absolutely nothing wrong!

Some might think they are covered under a Workers Compensation and Employers Liability policy, or they might feel they have some coverage under their Directors and Officers policy. As you know, there is no coverage under WC, and the entity remains exposed under some D&O (this depends on the policy form).

Don’t let an Employment Practices loss affect the people who depend on you to provide insurance coverage with no gaps! We have access to most of the markets that write Employment Practices Insurance. Premiums start as low as $1,500. The application process itself is useful for any business that wants to refine their Employment Practices. In order to protect your own agents’ E&O coverage, you should offer EPL coverage to all your clients and take advantage of a great “cross-sell” opportunity.

Please visit our Online Quoting page for further Employment Practices Liability quoting information.

For more information, please do not hesitate to call one of our experienced staff members.