Employment practices claims constitute the highest risk for a lawsuit facing today’s companies. This will only continue as we’ve seen the Equal Employment Opportunity Commission (EEOC) undertake a more proactive stance in employment discrimination class action litigation in the last couple of years. We’re also seeing a spike in retaliation claims; and wage-and-hour claims continue to be the most predominant type of workplace class action pursued against employers.
As a national professional liability wholesale facility, AP Specialty can assist you in protecting your clients from employee-related suits with Employment Practices Liability Insurance (EPLI). With access to admitted and non-admitted carriers, we can provide coverage for companies large and small throughout all industry segments. EPLI products include coverage for both damages and defense costs that arise out of employment practice disputes. These disputes, for example, can involve allegations of discrimination, sexual harassment, wrongful termination and wrongful discipline. In addition, several of our markets offer defense outside the limits, third-party liability coverage or defense-only policies. Some of our markets even cover the costs of investigations and legal fees associated with regulatory actions.
Best Practices, Risk Management Key
Equally important to having the right coverage in place for your clients is helping them to lessen their exposure and reduce the potential for claims. To assist insureds in keeping Employment Practice Liability claims from rising, most of our markets offer free telephone hotlines on appropriate employment practices. Although these practices don’t guarantee that an EPL claim won’t occur, proper policies and practices can assist in mitigating the damages and help in an insured’s overall defense.
EPLI is a must-have insurance coverage for all employers across all industries. AP Specialty can help you secure the right combination of coverage and price for your clients. Contact us for more information at (310) 322-1301.