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What you need to know about Employment Practices Liability Insurance

Aug 24, 2018

Now more than ever, organizations need to review their employment related policies and procedures. Our companies can obtain Employment Practices Liability Insurance (EPLI) that includes the most comprehensive employment practices risk management services available in the market place. These services can help an organization manage employment related exposures and stay current with changes in laws and regulations. An Insured would have access to top law firms, current employment information, policies, training and expert advice.

Recent changes in New York indicate a trend that may continue in other states in response to the #MeToo and #TimesUpNow movements. On April 12, 2018, New York State Governor Andrew Cuomo signed the “Budget Bill “into law. The budget bill requires that employers abide by new measures involving sexual harassment in the workplace. A summary of some of these measures are as follows:

  • Employers must conduct interactive sexual harassment training for their employees every year;
  • Employers must follow the model sexual harassment policy standards that will be provided by the New York Department of Labor and the New York State Division of Human Rights;
  • The new measures expand the rights of third party participants in the workplace (non-employees such as consultants and other people providing services pursuant to a contract in the employer’s workplace) to protect them from sexual harassment;
  • The use of confidential settlement for any lawsuit to recover damages for sexual harassment is prohibited. Contractual provisions that mandate arbitration for any allegations or claims of sexual harassment are prohibited unless part of a collective bargaining agreement;
  • Prevent tax payer’s funds from being used to pay sexual harassment settlements, any state employee responsible for committing sexual harassment must reimburse any state agency or public entity- funded damage award payments;
  • Those bidding on a New York state contract must certify that they have implemented a written sexual harassment policy and annual training to all employees;

Jencap’s stable of companies can help your client be prepared by securing an EPLI policy with an insurance carrier who can provide the necessary risk management services needed to address today’s employment litigation trends.

The Jencap Professional Lines Insurance Team

The Jencap Professional Lines Insurance Team

Whether it’s professional, management, or cyber liability, Jencap’s experienced brokers stay on top of industry trends and one step ahead of the competition, so they can offer the best guidance to you and your clients. Armed with decades of experience, Jencap’s dedicated professional lines team works tirelessly to navigate difficult risk placements, strict security control requirements, ever-changing market capacity, and unpredictable rate fluctuations.
employment litigation trends | employment practices liability insurance | EPLI | EPLI policy | human rights | new york | policy | professional liability coverage | professional lines insurance | sexual harassment | training | workplace

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Over the past few years, companies have faced a myriad of business risks — cost-cutting layoffs, supply-chain disruptions, sexual misconduct allegations, social inflation, cyber threats, and more. In our increasingly litigious society, it’s never been more important for businesses to ensure they’re protected. It’s also never been more challenging to secure reasonably-priced, comprehensive professional liability coverage. By partnering with a strong wholesale broker who focuses exclusively on professional lines, you and your clients will have the advantage, even in a hard mark.

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