Hanover Adds Employer Liability Insurance to Small Business Policy

September 10, 2008

The Hanover Insurance Group, Inc., a super regional property and casualty company, is now including employment practices liability insurance (EPLI) coverage as an endorsement to every eligible new and renewal Avenues Commercial Package Policy (CPP).

This new endorsement promises to protect small and mid-sized businesses against employee allegations of job discrimination and wrongful termination. The EPLI coverage is designed to help businesses with up to 50 employees (51 to 250 by referral), that Hanover says traditionally shy away from costly stand-alone EPLI policies.

“Employment practices liability coverage has evolved from a high-priced option for large employers to an affordable necessity for all businesses,” said David J. Firstenberg, president, commercial lines at The Hanover. “In today’s workplace, small and mid-sized business owners must defend themselves against damaging employment claims. Our new program provides broad coverage and services that are specifically designed and priced for this market.”

The features of the Hanover EPLI include:

Coverage for real exposure, such as employee allegations of sexual harassment, job discrimination, wrongful termination, mental anguish and emotional distress

Optional third-party coverage available at an additional premium

Broad coverage with up to $250,000 limit (higher limits available)

No separate underwriting process or application

Specialized claim services

Access to experienced EPLI law firms

Protection for agencies against errors and omissions claims

Source: The Hanover

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