Employment Practices Liability

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