Employment Practices Liability
Every day, employees file suit against employers for sexual harassment, wrongful termination, discrimination or a host of other employment related torts. The EEOC continues to see an increase in the number of cases filed and no organization is immune. Companies who follow all the best practices in managing their employees can still find themselves facing liability for a rogue employee who harassed a peer. Regardless of the size of the organization, all companies can benefit from having a comprehensive Employment Practices Liability (EPL) insurance product in place.
Challenging economic conditions and their inevitable reductions in force are often triggers for claims. Companies may also find themselves alleged to have violated one of the many employee related legislative acts such as the Civil Rights Act of 1964 or the Amendments of 1991, the Family Medical Leave Act of 1993 or the American with Disabilities Act of 1990. Aggressive action by the EEOC has increased the severity of a loss to an organization. In addition, large cases receiving high levels of publicity can trigger similar actions at other companies. Even when allegations have no merit, a suit can have a high financial cost, while causing cause serious damage to the reputation of your business.
Employment Practices Liability insurance provides defense costs as well as settlement or indemnity coverage for covered employment related torts. This insurance product can provide a risk transfer solution to help protect the company balance sheet when a claim occurs.
The experienced Executive Liability team at Van Gilder craft policies that provide coverage for a broad array of workplace torts, including:
- Wrongful termination
- Discrimination
- Retaliation
- Harassment
- Third Party (customers and clients) coverage
Van Gilder will negotiate the most favorable terms and conditions for your organization and advise you of the availability of coverage features such as wage & hour defense, workplace violence crisis response, and loss prevention/loss control resources.
Your business would benefit from the protection found in an EPL policy. Let the Executive Liability team at Van Gilder help you identify your exposure and design the policy that best meets your needs.