Berkshire Hathaway Specialty Insurance (BHSI) is now offering Employment Practices Liability Insurance (EPLI), the latest addition to its Executive First suite of policies.
This new policy provides broad, modern coverage for companies facing harassment, discrimination and other claims initiated by employees, regulators, customers, and others.
“Our EPLI policy is a clear and concise solution for complex risks,” said Dan Fortin, SVP, Head of Executive & Professional Lines, BHSI. “It comes with BHSI’s trusted underwriting and claims expertise and proven services to help our customers instill employment best practices and ensure regulatory compliance.”
The policy is designed to protect companies and executives in the full spectrum of claims that arise in today’s employment terrain, including wrongful termination, harassment, discrimination, retaliation, and failure to employ or promote.
The policy clearly articulates coverage for contemporary exposures, including those arising from genetic information, military status, sexual orientation or preference, and improper internet activity. Harassment is broadly stated as sexual or workplace harassment of any kind. Coverage extends to allegations brought by employees as well as third parties, such as customers. Limits of up to $25 million are available.
BHSI’s EPLI policyholders have access to EPL First, an online repository of HR training and compliance resources as well as attorney-client privileged “help line” services from an employment attorney. These services are provided by Littler Mendelson, the world’s largest employment and labor law firm.
EPLI is the newest addition to BHSI’s Executive First suite of products, all of which provide clear, current and customizable executive liability coverage for commercial and financial firms, including those with the most complex risk-transfer needs. Along with EPLI, the suite includes D&O Liability Insurance, Side A DIC Liability Insurance, Fiduciary Liability Insurance, and Private and Nonprofit Organization Portfolios.
© 2016 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.