Beyond the EPLI
coverage itself, CIG provides access to free resources, like model employee handbooks, training modules, and information documents on relevant, new legislation, that help small businesses mitigate risk and utilize sound employment practices," said Mark Ohlstrom, CIG Risk Assessment and Loss Control Manager.
would have covered the California dermatologist, had he carried it, against his employee's charges.
Today, it seems that most carriers routinely throw EPLI
coverage into their BOP or package forms at a minimal level.
Another suggestion is to incentivize insurers to review their policies is to reduce EPLI
premiums for proactive measures, or offer an attorney or human resources professional at reduced rates to their insured clients to self-audit for wage and hour issues.
Even today, EPLI
has not fully reached its natural market.
Pricing an EPLI
policy is unique to the individual risk, Brodzinski said.
Among QBE's enhanced EPLI
offerings is access to an online loss prevention, training and human resources tool center, where employee handbooks, forms and policies can be customized.
The frequency and severity of EPLI
claims are tied directly to unemployment rates.
isn't the only cover celebrities now have a need for.
Paul Travelers offers EPLI
with its bond products in connection with its nonprofit form, its private directors and officers form, and as a stand-alone policy.
Today, however, in the light of record high settlement costs and intense media coverage of big-time suits against big-name players, EPLI
has found its spot as part of routine risk management protection against the most significant trend in liability issues for corporations today.
Inland marine, EPLI
, fiduciary, crime and surety risks all increased by 1%.