EMPLOYMENT PRACTICES LIABILITY
Employment related lawsuits continue to increase. In 2007 EEOC.gov reports that the EEOC (Equal Employment Opportunity Commission) handled over 82,000 charges. Add to that the hundreds of thousands of employment claims filed with state and local agencies and the numbers are staggering.
Employment Practices Liability (EPL) coverage is a critical tool to protect your insureds for the potentially catastrophic costs of employment litigation. Even an organization with good Human Resources policies and procedures can and will be sued. A company with appropriate employment practices is in an excellent position to defend itself in the event of employment litigation, but the cost of mounting a defense can be enormous. It is not uncommon for legal fees associated with winning an employment lawsuit to exceed $250,000.
CIS provides primary EPL coverage on Travelers Wrap+® policy, underwritten by Travelers Casualty and Surety Company of America, an issuing company of Travelers. Employment Practices Liability provides coverage for defense costs and damages related to various employment related claims, including allegations of wrongful termination, discrimination, workplace harassment and retaliation deriving from the employer-employee relationship. Optional third party wrongful acts coverage is available. Also included is Travelers Risk Management PLUSsm online support system and unlimited access to employment attorneys.
Employment Practices Liability Products:
"Nothing stated herein affects the terms, condition and coverages of any insurance policy or bond issued by any of the referenced insurers, nor does it imply that coverage does or does not exist for any particular claim or type of claim under any such policy or bond."
Coverage underwritten by Travelers Casualty and Surety Company of America and its property casualty affiliates, Hartford, CT 06183