This insurance is used to protect against lawsuits by employees alleging wrongful termination, discrimination, harassment or other specified employment related exposures.
These exposures can also be covered under an Umbrella policy or as an endorsement to a D & O policy. EPL coverage written as a stand alone policy is often preferred, since it can be issued with a lower deductible than D & O or Umbrella policies and maintains separate limits of liability from other coverages. Most EPL policies are written as scheduled forms that specifically list what types of claims are and are not covered. ISO offers their version of this coverage with form EP 00 01. This is a claims-made policy that has a minimum limit of $100,000 and a maximum limit of 10,000,000. It can be written as a stand alone policy or as part of ISO's Commercial Package and includes four multi-state endorsements; Newly Acquired Organizations (EP 01 01), Employees as Insureds (EP 01 02), Designated Person or Organization (EP 20 01), and Additional Insured - Controlling Interests (EP 20 02).
To ENSURE against an employment practices lawsuits, follow your own industry's best practices for employment related claims.
To INSURE against employment related claims, check out the linked application (below), and return to us for a no-obligation quote. We will shop this with several companies to be sure to find the best fit for our business.