Employment Practices

Employment Practices Liability Insurance provides protection for an employer against claims made by employees, former employees, or potential employees. It covers discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations. It covers your firm, including its Directors and Officers.

Not only are the numbers of employment-related claims increasing, but so is the potential financial risk to your business. Defending a wrongful termination or discrimination claim — whether you are innocent or guilty, or even if the claim is groundless or fraudulent — can be expensive. The potential exposure for a money damages award threatens your company’s financial resources.

In the face of this increased risk to your business, it is also increasingly likely that your current insurance excludes coverage for employment-related claims. Most comprehensive general liability policies specifically exclude employment-related claims. For the small for-profit business, a directors and officers policy may offer a limited form of insurance coverage, but will probably not extend coverage to the business entity. Other forms of insurance, such as fiduciary liability coverage, are unlikely to cover these types of claims:
 
Sexual harassment / Wrongful Termination / Discrimination / Statute Violation / Negligent Hiring / Negligent Supervision / Negligent Promotion / Negligent Retention / Disabilities / Breach of Contract / Loss of Consortium /   Emotional Distress / Invasion of Privacy /  Wage and Hour Disputes / Drug Testing / Mental Anguish / Libel / Slander

We welcome the opportunity to assist with all your Employment Practices Liability Insurance needs.