EMPLOYMENT PRACTICES LIABILITY INSURANCE
It is widely accepted that employees are the biggest asset of a firm, however, at times employees may also be a liability and the company may become the target of legal action from current, potential or previous employees. It is suggested that over half of all litigation brought against companies involve employee disputes. The likelihood of being sued for an employment related issue is greater than making a claim against property insurance, but not everyone purchases Employment Practices Liability Insurance (EPLI).
With ever changing employment legislation opportunities exist for employers to be sued. Whether claims are founded or not, legal fees will be incurred.
Regardless of the size of the firm or the nature of business, EPLI is an essential insurance coverage. With the benefit of additional risk management services, it can help to mitigate the legal risks a company is faced with.
In response to the increase in litigation and by keeping abreast of legal developments we can arrange insurance coverage that ensures the highest level of protection.
NCG Professional Risks Limited specialises in providing Professional Indemnity Insurance to a multitude of professions.
The North American Professional Liability Division at NCG is a dynamic team with a vast depth of knowledge and experience to draw upon to provide clients with the structured solution to their varied insurance requirements.
Our underwriting capacity includes both Lloyd’s and London Company market and with our long relationships and quality business production our Underwriters are keen to provide viable terms for existing and prospective customers.
Our aim is to provide an efficient and valued service in our commitment to making our clients the number one priority.
Summary of coverages
- Coverage provides for allegations of discrimination, harassment and inappropriate employment conduct
- Coverage for third party conduct can be considered
- Losses paid for settlements awarded against an Assured and defense costs incurred
- Coverage triggered by written demand or oral complaint
- Defense costs outside limit of indemnity can be considered
- Consideration to preference of defence counsel
- 30 days limited reporting period after policy expiration.
- 12 months extended reporting period, if cancelled or non- renewed by Underwriters.
- Coverage for Punitive Damages, where insurable, can be considered.
- Human Resources assistance conducted by a specialist Employment Law Firm
- Claims handling by experienced employment specialists who deal with complex and sensitive issues daily.
Important – this product summary is intended for guidance only and should not be taken as a definitive statement of policy terms and conditions. Full details of the coverage available will be provided upon request
Virtually all applicants will be considered for EPLI coverage, however we are able to provide highly competitive terms for certain professions and specific locations. Contact us for full listing of those industries and locations which benefit from lower rates.
Highlights
- “A” Rated Carriers
- Claims made policy forms
- Full prior acts can be considered
- Worldwide coverage
- Limits from $500,000 to $10,000,000 or more
- Typical 24 – 48 hour turnaround
For further Information please contact:
Adrian Steele
Email: adrian.steele@ncgpi.co.uk
Telephone: +44 (0)20 7220 4373
Mark Mitchell
Email: mark.mitchell@ncgpi.co.uk
Telephone: +44 (0)20 7220 4370
Alan Lambert
Email: alan.lambert@ncgpi.co.uk
Telephone: +44 (0)20 7220 4369