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EPLI Insurance

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Insurance Secrets
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EPLI Insurance

  1. 1. EPLI – EMPLOYMENT PRACTICES LIABILITY INSURANCE BY BRANDON CLARKE, CIC. PRESIDENT OF JOHN BAILEY COMPANY This is a general presentation on EPLI coverage. Many factors are involved in assessing risk. Not all coverages discussed represent all types of insurance coverage needed, or factors in determining exposure. Contact John BaileyCompany for more info (865)524-0785.
  2. 2. WHAT IS IT? An insurance policy for an employer against claims made by employees, former employees, or potential employees It covers discrimination for: • Age • Sex • Race • Disability • Etc… WrongfulTermination of employment Sexual harassment Other employment related allegations
  3. 3. WHATTYPES OF CLAIMS MAY BE COVERED? Discrimination Harassment WrongfulTermination Sexual Harassment Retaliation Wage and hour violations Other Employment-related allegations
  4. 4. A FEW TYPES OF KEY COVERAGE CONCERNS Definition of Wrongful Act Wage and Hour Coverage Third Party Liability Defense Costs Full Prior Acts Punitive Damages
  5. 5. SOME QUESTIONSTO ASK ABOUT EPLI COVERAGE Sufficient Limits of Coverage? Third Party Liability Covered? Wage and Hour Coverage? Defense Cost Inside or Outside Limits?
  6. 6. WHAT MAY AN UNDERWRITER LOOK FOR, WHEN EVALUATING A RISK? Type of Business Location Management Experience Number of Employees Management Practices Claim History Employee turnover
  7. 7. MANY INSURANCE COMPANIES OFFER HR TOOLSTO HELPTHE CLIENT Online training Toll free numbers with free advice
  8. 8. (865)524-0785 BRANDON@JOHNBAILEYCO.COM *This is a general presentation on EPLI coverage, many factors are determined in accessing risk. Not all coverages discussed represent all types of insurance coverage needed, or factors in determining loss. Contact John BaileyCompany for more info.

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