Product/Service

Employment Practices Insurance Policy

Source: Monitor Liability Managers, Inc.
The Employment Practices Liability Insurance Policy is a claims-made policy designed to pay the loss of the entity, its directors and officers or employees
The Employment Practices Liability Insurance Policy is a claims-made policy designed to pay the loss of the entity, its directors and officers or employees, for defined wrongful employment acts.

Standard coverage includes:

  • Broad definition of insured includes full-time, part-time, seasonal and temporary employees, as well as the insured entity and any subsidiary (as defined)
  • Broad definition of wrongful employment acts includes discrimination, harassment (including sexual), wrongful termination, constructive discharge, wrongful failure to hire, wrongful demotion, retaliation, misrepresentation, infliction of emotional distress, defamation, invasion of privacy, humiliation, wrongful evaluation, and breach of an implied contract
  • Bodily injury exclusion includes carve out for emotional distress, mental anguish, defamation (including libel and slander), invasion of privacy, or humiliation
  • Duty to defend language
  • Broad definition of claim includes written demand or assertion for monetary or non-monetary relief, including civil, criminal, administrative, or arbitration proceedings
  • Loss includes punitive or exemplary damages up to the limit of liability, where insurable; most favorable jurisdiction language applies
  • Automatic coverage for subsidiaries created or acquired during the policy period whose assets are less than 25% of the insured entity
  • EEOC (or state equivalent) charges are covered
  • No intentional acts exclusion
  • No downsizing exclusion
  • No copyright/patent exclusion
  • Full prior acts coverage
  • 36 month extended reporting period is available if the named insured cancels or if the insurer or named insured refuses to renew
  • Non-cancelable by insurer, except for non-payment of premium
  • Worldwide coverage
  • No co-insurance
  • Limits of liability up to $5,000,000
  • Deductibles available from $5,000

Monitor Liability Managers, Inc., 2850 West Golf Road, Suite 800, Rolling Meadows, IL 60008. Tel: 847-806-6590; Fax: 847-806-6282.