Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released a comprehensive employment practices liability Insurance (EPLI) product for organizations with up to 250 employees and limits up to $1 million. Organizations with 50 employees or less are covered up to $250,000 and are not required to submit an application. The insurance product includes complementary best practices resources, a legal advice hotline and optional third party coverage. EPLI provides protection for an employer against claims made by existing, former or prospective employees and covers a range of employment-related allegations.
“Many small business owners worry about employee claims and the increased number of suits but may not be aware that their exposure to risk begins before they even hire an employee,” said Ken Stewart, CIG Commercial Lines Director.
The EPLI product includes full prior acts protection for liability and defense costs arising from employee lawsuits alleging:
- Wrongful termination
- Disciplinary actions, negligent evaluations
- Sexual, slander and/or libel, emotional distress or stress discrimination failure to employ, deprivation of opportunity and others
In addition to EPLI coverage, CIG provides access to free resources to help small businesses mitigate risk by utilizing effective employment practices. Sample services include; model employee handbooks, forms, policies, training modules and detailed information and implications of new laws applying to respective employment.
This new coverage is now available as an optional endorsement to all commercial packages policies as of November 1, 2013 in Arizona, California, Nevada, Oregon, and Washington. The product will be available for all business owner policies in 2014.
CIG insures personal auto, homeowners, farmowners, condo owners, vacation property, renters, apartment building owners, and many kinds of commercial and agricultural auto and property. CIG manages personal, business, and agriculture risks underwritten by its affiliate companies: California Capital Insurance Co., Eagle West Insurance Co., Nevada Capital Insurance Co., and Monterey Insurance Co. Types of policies may vary from state to state.
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