A growing area of concern for all types of business's today is Employment Practice Liability. Allegations are made daily against employers today for everything from discrimination, wrongful termination to sexual harassment within the every day workplace. These claims can now include allegations that the Fair Labor Standard Act has been violated. There are various reasons for the growth of work-related lawsuits. One of the main reasons is corporate downsizing pertaining specifically to the aspect of discrimination and wrongful termination/ discharge. The growth of minorities and women in the work force has also resulted in allegations of discrimination and sexual harassment, and Wage & Hour Claims respectively. In addition to the above, the doctrine known as employment-at-will has additionally lost some of its importance in today's market place. There are, as with other types of insurance, loss control procedures that can be followed to minimize the likelihood of these types of allegations and/or suits.
Some employers are of the belief that other existing lines of liability insurance coverage can be used to cover this exposure. As an example, a case could be made for coverage under either general liability, umbrella, worker's compensation or Director's and Officers liability. However and unfortunately, the rise in these types of allegations, claims has necessitated the inclusion of specific employment practices exclusions in many forms of liability insurance. As a result, this has lead to the development of employment practices liability (EPLI) insurance.
This course is designed to provide the individual with the basic information, features necessary to the understanding of this insurance as well as the requirements necessary for underwriting this line of insurance.
Participants in this webinar will learn:
- Claims made and claims reporting Issues
- Who is insured
- Who is protected
- 3rd party exposures
- Wage & hour coverage
- How it is underwritten
