Employment Practices Liability Coverage

No business is immune to the possibility of employment practices complaints, which most commonly involve complaints of sexual harassment, discrimination, and wrongful termination. With this in mind, it is important to discuss employment practices liability coverage with your insurance agent.

Employment practices liability coverage may be incorporated into a package policy or issued as a stand-alone policy, and the number of employees in an organization is a common rating factor used to determine premium. To mitigate these exposures, documented annual employee training is imperative.

Be sure to discuss the following key features with your insurance agent:

  • Who is insured?
  • What are the limits of insurance?
  • Are claim expenses included in the limit?
  • Is there an extended reporting period in which to file a claim?
  • Does the policy include coverage for prior acts?
  • Is the coverage written on a claims made or occurrence basis?

Each of these options includes benefits and drawbacks that can have a lasting impact on your financial well-being in the event of a claim or lawsuit. Be sure to schedule a coverage review with your insurance agent to determine the most appropriate solution for your operation.

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Make it a safe day!

Mike Schofield
President & CEO