Employment Practices Stand Alone
U.S. Insurance Services provides Stand Alone Employment Practices Liability Coverage. This insurance is a comprehensive employment liability solution available to companies with up to 4,000 employees. Broadened coverage is provided by the Business Advantage Pro-Pak Elite or Corporate Advantage Pro-Pak Elite programs.
Coverage Features
- Flexible limit options available starting at $500,000 and up to $15,000,000
- 17 point definition of Employment Practice Act which includes: retaliation, wrongful discipline, constructive discharge and more
- Broad definition of Individual Insured that includes leased employees
- Automatic Third Party Liability
- Loss control assistance
- Independent Contractors Coverage available
- Triple annual aggregate retention cap
- Available sublimit for defense of wage & hour claims
- Broad definition of Claim includes: arbitration, regulatory and administrative proceedings, EEOC & DOL investigations and requests to toll
- the statute of limitations
- Modified hammer clause with a retention reduction incentive for the insured’s acceptance of the first settlement offer
- Punitive, multiple and exemplary damages coverage on a most favorable venue basis
- Optional duty to defend coverage on a per-claim basis
- Defenses costs paid in addition to the limit of liability, for eligible insured’s
- Defense Costs for non-monetary relief
- Debtor in possession included as an insured
- Worldwide coverage territory and valuation clause
- Employment loss control services available
- Bi-lateral discovery (tail) for one, two and three year terms
Submission Requirements
- Completed application
- Latest annual CPA prepared financial statement (if the number of employees is greater than 250)
- Supplemental claim form, if applicable
