Allied World Bermuda has launched a new primary employment practices liability (EPL) product for companies needing a comprehensive coverage package. The product, 32°/64°, offers flexible retention options and built-in punitive and exemplary damages coverage, thereby removing the need to purchase a separate puni-wrap policy.
32°/64° provides protection for the expenses associated with defending employment-related claims, as well as the costs of paying a judgment or settlement. This policy provides coverage safeguards for employers against claims made by current, former or prospective employees for discrimination (age, race, sex, disability, etc.), wrongful termination, sexual harassment, retaliation, and other employment-related allegations. No industry class is excluded and limits are available up to $25 million.
Was this article valuable?
Here are more articles you may enjoy.
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown 
Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO 
Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa 
Viewpoint: Beware the Rise in Unproven ‘Brittleness Test’ for Roof Shingle Claims 
