In Today’s Litigious Environment, Employment Practices Liability Insurance is "Must Have" Protection

JUST THE FACTS

Employment Practices Liability Insurance (“EPLI”) covers companies against claims or lawsuits filed by employees, former employees and employment candidates regarding their employment relationship with an employer.  

EPLI policies can cover seasonal employees, leased employees and independent contractors. EPLI insurance coverage protects a company, its directors, officers, current and former employees.  

A company may use EPLI insurance to cover expenses involved in defending against claims or lawsuits related to employment (regardless of the outcome) and EPLI provides indemnification of the employer if the case is settled or a verdict is obtained against the employer. 

EPLI insures against claims of discrimination (based on age, sex, race, religion, color and national origin), sexual harassment claims, wrongful termination (including constructive discharge and retaliatory discharge), infliction of emotional distress and breach of contract, violation of the Family Medical Leave Act or other leave laws.  

Additionally, some policies contain a catch-all category to provide coverage for claims of discrimination based on protected categories (e.g., sexual orientation) that are not covered under federal discrimination statutes, but may be covered by state or local law.  For more information call David Selig directly at (212) 974-3435

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Who Needs Commercial Auto Insurance? (you do, that's who)

What is Commercial Auto Insurance?

Commercial Auto Insurance helps your business cover the financial costs resulting from an auto accident if you or an employee is found at fault. Commercial auto insurance helps pay for damaged property and medical expenses – even in the event of a fatal accident.

Commercial auto insurance will help protect you for example, if:

• An employee hits a pedestrian while driving a company truck and the pedestrian requires medical treatment that results in substantial bills.
• You accidentally swerve off the road while driving to work and take out a residential mailbox and have to pay for the damage.
• An employee driving to work accidentally hits another car and totals it.

Get a commercial auto quote today to learn how easily you can protect your business while on the road.

You need commercial auto insurance if your business:

• Owns, leases or rents vehicles such as cars and trucks.
• Has employees who drive their own vehicles to conduct business.
• Has employees who operate company vehicles that are leased, rented or owned.

For more information about Commercial Auto Insurance, call David SELIG directly at (212) 974-3435

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance, says David SELIG

Insurance companies selling business insurance offer policies that combine protection from all major property and liability risks in one package. (They also sell coverages separately.) One package purchased by small and mid-sized businesses is the businessowners policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.

BOPs include

1.    Property insurance for buildings and contents owned by the company -- there are two different forms, standard and special, which provides more comprehensive coverage.

2.    Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.

3.    Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees. For more information about BOPs, call David SELIG directly at (212) 974-3435