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.
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
Viewpoint: How Will the Middle East War Affect the Insurance Sector? 
Lawsuit Alleges Microbetting Product by DraftKings, FanDuel, NFL Leads to Addiction 
