Lyles Insurance
  • Home - Lyles Insurance
  • About Us
  • Contact Us
  • Blog
  • Request A Quote

8 Point Checklist: Is My Employment Practices Liability Insurance (EPLI) Adequate?

11/26/2012

0 Comments

 
Picture
Comparing EPLI coverage is very difficult because the difference between one company's EPLI policy and another can be as different as night and day. That doesn't matter whether your EPLI policy is attached through a Business Owners Policy, a General Liability Policy, or stand alone EPLI coverage.
       The fact is, many EPLI policies are inadequate both in terms of what is/isn't covered and the levels of coverage offered. So..... I have made a short checklist of 8 key things to look for in an a quality EPLI policy:


  1. Limits of Liability Available up to $2,000,000. Some companies do not offer anywhere near this level of coverage.
  2. Defense Outside Limits Option- Defense costs will not erode the limit of liability, if this option is selected.
  3. Third-party Coverage - Coverage for claims brought by customers and clients alleging discrimination or harassment by the insured.
  4. Fair Labor Standards Act (FLSA) Coverage - $100,000 sub-limit of liability for defense costs arising from Fair Labor Standards Act
  5. Duty-to-Defend Provision - Defense of any covered claim, even if allegations are found to be groundless, false or fraudulent.
  6. Broad Definition of Employee - Coverage for claims brought by current,former and future employees includes applicants and volunteers.
  7. Defense and Settlement Provision - If the insured does not want to settle a lawsuit, our stand alone EPLI policy will pay 75% of the remaining loss and defense costs.
  8. Full Prior Acts Coverage - Coverage for Wrongful Acts that took place before the policy was in place, as long as the claim is made during the policy period.
      These are some of the key things to have in an EPLI policy. The company my agency sells is ABA Insurance Services, which is underwritten by XL Insurance. They offer all of the keys mentioned above at a surprisingly affordable rate.
      It only takes a couple minutes to get a EPLI quote and I handle all quotes personally & privately.
       


Get an EPLI Quote with Lyles Insurance


Call me for a Quote

​

0 Comments



Leave a Reply.

    Picture

    Author

    Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..

    Archives

    March 2021
    November 2020
    September 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    October 2019
    September 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    December 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    October 2015
    August 2015
    December 2014
    November 2014
    October 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    May 2012
    April 2012
    March 2012
    December 2011

    Categories

    All
    Things You Must Know When Buying Snowmobile Insurance In Michigan

    RSS Feed

Lyles Insurance copyright 2020
  • Home - Lyles Insurance
  • About Us
  • Contact Us
  • Blog
  • Request A Quote