10 Reasons Why you should use the Employment Practices
Retentions as low as $2,500 per claim
Defense costs in addition to the limit of liability for eligible insureds
Automatic Third Party EPL coverage
Loss control assistance
Defense costs for non-monetary relief
Modified Hammer Clause – 50 / 50 and 10% retention reduction for insured’s acceptance of the first settlement. For eligible insured’s , when defense costs are provided within the policy limits of liability, the hammer clause can be further modified to 75 / 25 and the retention reduction can be increased to 25%.
Broad definition of claims which includes: arbitration, regulatory and administrative proceedings, EEOC and DOL investigations and request to toll the statute of limitations.
Bilateral discovery (tail) for one, two and three year terms
Most favorable venue wording for punitive, multiple or exemplary damages
The available of important complementary coverage such as Directors and Officers Liability, Fiduciary Liability, Employed Lawyers Liability and Commercial Crime Coverage
Call 1-800-874-1738 x201
or contact us for more information.
