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... call Unfollow First name: Last name: Email: Are you sure you want to deactivate your CompleteMarkets Company Profile Deactivate Cancel Loading.. About Us Services Jobs PR Newsletters Employees Articles Blog Photos Group Connections Reviews Member Content Member Content - Content Package Categories Popular Recent All Back Employment Practices Liability Insurance: Occurrence Forms versus Claims-Made Forms 10/20/2016 12:00:00 AM by CompleteMarkets Editor This content has not been rated yet. Before the advent of specialized Employment Practices Liability (EPL) insurance policies, many employers sought coverage ... one or more of their standard Liability insurance policies. Because some of the early EPL claims were paid under these general policies, it's fair to say that the first EPL policies provided coverage on an occurrence basis. Squeamishness about how losses might pan out led underwriters to issue EPL policies on a claims-made basis. But recently there have been instances of EPL coverage being issued on an occurrence basis-in endorsements, or added onto General Liability, Umbrella Liability, or other Liability policies. Although many people think that claims-made coverage is inferior to occurrence ... , there are arguments why this might not be true in regard to EPL coverage. EPL insurance has changed greatly in recent years. Just a few years ago, EPL coverage was often severely limited by the use of retroactive dates or exclusions eliminating or restricting coverage for prior acts. What's more, coverage was not widely available for many of the common-law torts frequently alleged in EPL claims.[1 ] Today, however, nearly every major EPL insurer has done away with retroactive dates and offers claims-made coverage for prior acts. Most ...

Employment Practices Liability Insurance: Occu...hly competitive, and high limits of Liability are available for most insureds....

...ze of their book or duration of employment. Owners who lack this spirit tend t...t have more than one owner have the advantage of splitting up the roles or rot...

Iso's Employment-Related Practices Liability Policy
ISO'S EMPLOYMENT-RELATED PRACTICES LIABILITY POLICY ...nancial control over the insured's employment-related practices Conclusion Many current non-...

... direction. For those who start their own agency, this trait usually is fairly strong. However, the entrepreneurial spirit might be weak in a person who moves up the ranks in an agency and becomes an owner because of the size of their book or duration of employment. Owners who lack this spirit tend to become nothing more than stockholders in the agency; rather than being active owners in the broad sense of the term, they seem to retain an "employee mentality." A "great owner" should also be a ... they often need a person to handle human resource issues under the supervision of an owner. It's essential for the owner to understand and comply with a myriad of constantly evolving rules and regulations. Because wrongful termination and sexual harassment suits are commonplace, many agencies buy Employment Practices Liability insurance to protect themselves against such litigation. WHO FITS THE ROLE? Because management involves such a wide variety of skills, it's difficult to find one person to fit all these roles perfectly. Agencies that have more than one owner have the advantage of splitting ... the roles or rotating them periodically to allow some variety in who runs or manages what. Most owners feel comfortable in dealing with markets, since they've usually been doing so already. Less favored roles include financial management and human resources, probably because few owners have experience in these areas. "Great owners" however, are willing to take on all roles, and when necessary, educate themselves to improve their skills. Agencies that are looking for a perpetuation candidate, an acquisition/merger prospect, or just evaluating an employee as ...