Employment Practices Liability
Employment Practices Liability insurance protects organizations against allegations and lawsuits by employees who claim their legal rights have been violated. EPL exposures have expanded from discrimination or harassment brought by employees to include a wide range of evolving exposures including accessibility, gender issues and disputes over performance reviews and promotion.
While most lawsuits are filed against large companies, no organization — large or small, for-profit or nonprofit — is immune to employment practices liability claims. Staying ahead of liability trends can be daunting. Even the most vigilant organizations with informed, state-of-the-art internal controls and practices can't completely eliminate the potential for employment practices liability claims.
Travelers Canada Employment Practices Liability insurance provides protection against many kinds of employee lawsuits, including claims related to sexual harassment and discrimination, wrongful termination or discipline, performance and promotion related disputes, emotional distress, and mismanagement of employee benefit plans.
Travelers Canada recognizes that small companies increasingly need the protections afforded by an EPL policy and offers EPL bundled with another coverage or as a standalone policy. Your broker can help decide which Management and Professional Liability coverage from Travelers Canada is right for you.
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In your business, you make decisions every day. Hiring, firing, compensation, duties, promotions, work environment, and so many more. Nearly every one of your decisions affects your employees. And many outcomes could lead to a claim by employees or governmental regulators for wrongful employment practices.
These claims can disrupt your business, hurt employee morale, damage your reputation, and cost your business financially, even before going to court. Let's look at a typical case.
A graphic designer resigned from her position at a company, claiming she was subject to sexual harassment and gender discrimination by four managers. The company performed an investigation and found a long series of sexually explicit emails, jokes, and comments shared in the workplace. It cost the company $280,000, including $50,000 in defense costs to settle the claim.
In another case, a man who delivered propane was injured on the job. While he was on leave, his employer terminated his employment, citing a drop in demand for deliveries. Two months after the termination, the insured hired new staff for propane deliveries. The man filed a retaliation claim, alleging he was terminated for filing a worker's compensation claim. Resolution of the retaliation claim cost $45,000, including defense costs of $4,000.
With risks like these and those yet to be discovered, you need an insurance company that can help protect and prepare you for what may coming your way. That's why Travelers' Employment Practices Liability Coverage isn't a maybe, but a must have.
Talk to your insurance broker today to make sure you have the right coverage in place to help protect your business.
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Travelers Canada, 165 University Avenue, Toronto, Ontario M5H 3B9. This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of any insurance policy issued by Travelers Canada. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions and any applicable law. Copyright 2021 Travelers Canada. All rights reserved. Travelers and The Travelers umbrella logo are registered trademarks of The Travelers Indemnity Company in Canada, the US and other countries. Travelers Insurance Company of Canada, the Dominion of Canada General Insurance company and St. Paul Fire and Marine Insurance Company (Canada Branch) are the Canadian licensed insurers known as Travelers Canada.
Specifically designed to meet the needs of today’s employers, Travelers Canada Employment Practices Liability offering combines broadened coverage features and expert claims handling.