Employment Practices Liability
Unique employment practices cover that addresses emerging exposures as well as traditional ones.
Our expert team provides unparalleled guidance, enabling tailored coverage that meets the challenging demands of today's workplace.
All our insureds have access to InclusionScore, our patented risk management platform that offers comprehensive People Management guidance based on the ISO-30415 Standard for Diversity & Inclusion, including training, data collection, certification, and model policies and procedures in English, Spanish, French, & German.
In addition to specific coverages on discrimination, harassment, and other standard employment allegations, our policy offers the following key features ≥
Privacy violation coverage
Employment event coverage
Outside directors coverage
Civil fines assessed under the Health Information Portability and Accountability Act (HIPPA)
Optional additional defense limit
Optional third-party coverage
Wage and hour coverage available to qualified insureds
Claims reporting as soon as practicable
80/20 settlement clause
Credits for enhanced inclusion score maturity.
Limits: Up to US $20M
How can we help
Employers constantly face new challenges and exposures as a result of a changing legal landscape and increasingly employee-friendly courts. With the burden of proof typically on the employers, the impact can run beyond financial penalties and create deep reputational damage.
The risks are only set to increase as the implications are established of non-standard forms of working becoming more prevalent, such as zero hours contracts and freelancing.
Who we can help
US employers from all industries with up to 30,000 full time employees are considered
Staffing firms without employee count limitation
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
Examples or Scenarios
Our insured, a California based billion dollar market cap company, restated its financial statements with the Securities Exchange Commission due to errors related to a transaction with one of its suppliers. As a result, the insured’s stock price fell by approximately 25%. A securities class action and a shareholder derivative action ensued against the insured entity and its directors and officers. Plaintiffs asserted breach of fiduciary duties and gross mismanagement amongst other serious allegations. Our claims team worked closely with the insured’s defence counsel and supported them through motion drafting and oral argument. Our previous experience with a California securities class action/derivative action for a different insured in the same court, and with the same judge, was instrumental in securing a dismissal for the insured, thereby avoiding a multi-million dollar settlement.
When reporting a claim to InclusionScore, in the first instance you should check your policy for guidance. Your policy will contain contact details for notifying InclusionScore of a claim.
However, if you are still unsure on how to report a claim to us, please use the below directory as a guide.
Policyholder location - Please email details of your claim to:
The United States firstname.lastname@example.org
Europe & UK email@example.com
Latin America firstname.lastname@example.org