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Kristen TaylorNational Marketing Director Email: ktaylor@usgins.com
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EPLI
> Employer defendants lose 60% of litigated cases in EPLI
> The average amount paid for out-of-court settlement is $40,000
> Defense of the average EPLI case, through trial, costs over $45,000
> The median compensatory award in EPLI cases is $218,000
Appetite:
Any company including the below hard to place classes
| > Automobile Dealerships > Boat Dealers > Credit Reporting and Collection Services > Educational Services > Employment Agencies/Professional Employer Organizations > Governmental Entities |
> Hospitals, HMO's, PPO's or Nursing Homes > Labor Organizations > Motorcycle Dealers > Political Organizations > Real Estate Companies/Real Estate Management > Temporary Employment Agencies |
Features:
> Claims made policy with limits of liability up to $25 million
> Option for Third Party Liability Coverage available for most accounts
> Duty to defend with the insured having the right to assume the defense
> Broad definition of claim including written demands for monetary or non-monetary
relief and fact-finding EEOC proceedings
> Broad definition of insured including the company, all employees, and any leased
employees
> Broad definition of loss including punitive damages with most favored venue
wording (where allowed by law)
> Non-cancelable by the insurer except for non-payment of premium
> 90-day post-policy claims reporting
> Automatic conversion to run-off coverage if change of control takes place
> Automatic coverage for employees of certain newly created, acquired or merged
companies
> Spousal coverage extension
> Risk Management program available to all policyholders, including a toll free
hotline
> Over 260 A-Rated admitted and non-admitted carriers
> Writing in All States