Columbus, Ohio-based State Auto Insurance Companies have expanded its Employment Practices Liability Insurance (EPLI) program for small and mid-size business owners.
Employment practices liability is a growing concern for nearly all businesses. Most liability policies, however, do not cover the types of losses that businesses may suffer under employment
law, including wrongful termination, sexual harassment and discrimination. State Auto now offers two different policies for this all-important management liability exposure.
The EPLI Supplement is designed for small businesses with up to 25 employees. Easily attached to an existing commercial insurance package, the EPLI Supplement provides liability limits of $100,000 per claim and a $100,000 aggregate, with a deductible of $2,500 per claim. This is true liability insurance, provided on a “claims made and reported” basis. (The EPLI Supplement can be added to most existing State Auto commercial package policies. Due to
state regulation, the EPLI Supplement is not available in Arkansas, but is available in all other states.)
The EPLI Policy is a “stand-alone” policy designed for businesses with up to 250 employees. It offers a choice of limits up to $1 million per claim/$1 million aggregate, with a choice of deductibles from $5,000 to $25,000. A new, broader coverage form, along with new pricing methodology and lower premiums, results in a very competitive program.
In addition to protecting against an employment practices claim, State Auto also provides insureds under both the EPLI Policy and the EPLI Supplement free access to an employment practices risk management hotline.
Source: State Auto Insurance Companies
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