Maine-based Acadia Insurance said it will begin offering new employment practices liability insurance (EPLI) coverage enhancement next month for small business customers in Maine, Connecticut and Rhode Island.
Acadia said it will also extend the coverage to customers in New Hampshire starting October 1, and plans to offer this coverage in Massachusetts, New York and Vermont pending state approval by those states’ regulators.
“Employment-related lawsuits are a serious hazard to all businesses regardless of size, but unfortunately for small business owners, one single employment related lawsuit can drain them of their time, money and even their business,” said Bobbi Amero, Acadia’s chief underwriting officer.
New and existing Acadia customers with Business Owner Policies (BOP) and package policies with liability premiums up to $7,000 are eligible for Acadia’s EPLI coverage, which includes a $100,000 limit, $5,000 deductible, defense costs and claims-made coverage.
_
Source: Acadia Insurance
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
