Public Companies: Employment Practices Liability

ACE's Employment Practices Liability form provides broad protection for the wide spectrum of employment allegations facing companies operating in today's employment environment.

Benefits:

• Full severability of the application for insured persons
• Express coverage for punitive, exemplary, and multiple portion of multiplied damages, and liquidated damages under the Age discrimination in Employment Act or the Equal Pay Act, governed by the most favorable applicable jurisdictions
• Claims include claims for monetary damages as well as non-monetary or injunctive relief, and various administrative or regulatory proceedings
• Loss includes back pay and front pay

Coverage:

• Covered employees include any full-time, part-time, seasonal and temporary employees, volunteers and leased employees where indemnified by the company
• Covered insureds include any director, trustee, governor, officer, employee or general partner of the company
• Coverage for claims alleging retaliation related to ERISA, FLSA, whistleblower claims, and other violations under federal statute
• No express exclusions for fraud, dishonesty, profit, securities claims or severance pay
• Outside directorship coverage for employment claims
• Third-party coverage relating to discrimination or sexual harassment
• Automatic 30 day coverage for new subsidiaries

Limits:

• Up to $25 million

Client Profile:

• All public companies