Employment practices liability insurance is an essential coverage for organisations of all shapes and sizes, however, it is not always well understood. It aims to protect an organisation and its management from claims made against them in the performance of their duties. Without such coverage in place, they may be exposed to significant financial loss.
In this article, we will explore employment practices liability insurance, and understand why it is an important part of any comprehensive insurance programme.
Contents
1 Employment practices liability insurance: A definition
2 How does it fit within an insurance programme?
3 What are the key employment risks?
4 Common claim examples
5 How do employment risks arise?
6 What types of protection are available?
7 Core policy coverages
8 Variations of employment practices liability insurance
9 Who is insured by a policy?
10 What type of acts are insured?
11 What type of losses are insured?
12 How is a policy wording structured?
13 How does coverage operate through time?
14 How does an organisation acquire coverage?
15 Selecting a limit of liability and self-insured retention
16 How can a changes to an organisation effect its coverage?
17 How to notify and handle claims
18 Conclusion
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