Employment Practices Liability Coverage

Did you know that businesses are four times more likely to face an employment practices liability claim than a fire loss or "slip and fall" liability claim? In fact, recent statistics show that in the past five years, six out of ten employers faced employment lawsuits. As the numbers of employment-related claims increase, so does the potential financial risk to your business.

Unfortunately, because of this increased level of risk, it is highly unlikely that your current insurance includes coverage for employment-related claims.

How can ISU help protect your business from employment-related claims?

ISU’s unique Employment Practices Liability coverage provides vital protection against suits and threats of suits alleging harassment, discrimination or wrongful termination claims made by employees, past employees and/or by applicants for employment. The policies we offer not only protect you from a multitude of employment-related claims but also provide you with loss prevention programs that help minimize the risk of employment-related claims.

ISU’s First-Time Buyer Program offers:

· Minimum premiums and broad coverage with a simplified application process for first-time buyers.

· Continually updated protection, which adheres to new laws and regulations.

· Full Prior Acts, defined as the coverage of claims that arise from incidents or occurrences from before the policy was in place (excluding claims or incidents you are aware of).

· Definition of "Employee": Claims from leased employees, temporary workers, independent contractors and volunteers.

· Defense and Indemnity Included: Unlike most policies that only pay legal defense costs (which cause the insured to pay settlements and judgments) this policy covers both defense and settlement costs.

· Defense Outside the Limits: The company’s payment of legal bills does not reduce the funds available for settlements or judgments.

· Third Party Coverage Included: This covers discrimination and harassments claims from claimants who are not employees, such as customers, guests and/or outside vendors.