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Policy Highlights
Contact:
Kathy Curry (301) 951-6927
Kathleen.W.Curry@schinnerer.com
Target Risks: All environmentally-related consultants and engineers not performing Phase III work (remediation and abatement)
Availability: In all states and the District of Columbia, except LA, WY and PR
Employment Practices Liability is available as stand-alone coverage in LA and WY
Program Features:
- Offers directors & officers, employment practices and fiduciary coverage in one multi-product package
- 40/30/30 payment plan
- The insurer investigates and defends all claims
- Limits and retentions can be shared between coverages or can remain separate
- Punitive damages coverage is available where allowed by state law
- In most cases, there is no exclusion for acts occurring prior to the policy period
- Definitions for claim and loss are broad and comprehensive
- Insured's consent is needed before a claim can be settled
- Optional third-party discrimination and harassment endorsement on EPL coverage
E-Pack now offers a two-year policy to design professional clients that provides the same comprehensive coverage options for employment practices, directors & officers, and fiduciary liability. Eligibility guidelines for the two-year policy include:
- At least 2 years in operation
- Company assets under $50MM
- No "going concern" opinion or stated weakness in internal controls by outside auditors in the last 24 months
- No D&O or Fiduciary claims, charges or proceedings in the past 3 years. No more than one employment related claim, charge or proceeding with total loss/expense payout less than $25,000 in the past three years.
- Policy limits should not exceed $2MM
- No M&A activity
Apply now: E-Pack application for all approved states.
To apply for full coverage, please print the appropriate E-Pack applications, fill them out and send it
to your broker. If you do not have a broker, select a broker in your state, or give us a call at (301) 961-9800 for the name of a broker near you.
(Please note: the above document is in the Adobe Acrobat Portable Document Format [PDF]. Before viewing it, you may need to download the Adobe Acrobat Reader. The free Adobe® Acrobat® Reader allows you to view, navigate and print PDF files across all major computing platforms.)
Related Documents
This information is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the plan described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to state regulatory approval.
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