Coverage for Employment
Practices Liability
Employment Practices
Liability insurance coverage
has become a common
endorsement to a Directors
& Officers insurance policy
for corporations. EPLI
coverage typically protects
directors, officers,
employees and/or the
company against
employment related claims
brought by employees. Over
50% of D & O claims are
employment practices
related.
EPLI coverage is typically
written on a claims-made
basis. Which means it
covers a claim only if the
incident and the filing of the
claim occur while the
insurance policy is in force
and during the retroactive
period or tail period of
coverage offered by the
specific policy. Because
employment claims are
usually made months or
years after the incident in
question, an employer could
be vulnerable if the
insurance coverage was
dropped or if tail coverage
wasn't purchased.
Depending on the size of
the company, Employment
Practices Liability insurance
coverage can be offered as
an endorsement to a
Business Owner's Policy
(BOP), a General Liability
Policy (GL), or a stand alone
insurance policy can be
written in conjunction with a
Business Owner's Insurance
policy.
Excess Liability
Insurance Specialists!
CONSULTING
NEW WORLD
CASUALTY &
203-967-4448
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