New Epli Coverage Helps Protect Companies From the Financial Costs Incurred From a Range of Employment-Related Lawsuits
Chubb has launched a new insurance offering to help protect companies from the financial costs associated with employment-related lawsuits filed for a range of issues, including wrongful termination, breach of contract, retaliation and otherwork-related issues. The Chubb PrimarySM Employment Practices Liability Insurance (EPLI) policy provides coverage for employment practices liability (EPL) claims brought by past, present, and prospective employees and independent contractors. In conjunction with this policy, Chubb offers loss prevention consultant services and access to ChubbWorksSM,an online resource provided at no additional cost to Chubb EPLI customers, providing comprehensive EPL loss prevention tools to help address and prevent employment and employee issues.
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In 2020, the Equal Employment Opportunity Commission (EEOC) received almost 70,000 discrimination claims against employers, with retaliation asserted in more than 55% of all charges received. “Employers are facing an increasingly dynamic employment liability environment, and any company can be targeted with an employment lawsuit,” said Kristen Poplar, Senior Vice President, EPL Product Manager, Chubb North America Financial Lines. “Even if the allegations are untrue, the employer still must defend itself against a charge of employment-related misconduct, which can be financially devastating, especially for smaller companies.”
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