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..., the company may have to provide special devices to accommodate a disability,...

...fiers? Does the insured carry specialized Products Liability and/or Profes...nfidentiality, non-disclosure, and employment practices to assist you in devising and im...

...lves documenting files and making special efforts to keep clients aware. Agenc...nce with the policy a condition of employment. Although this might seem harsh,...

...ures such as cyber liability or employment practices liability. The bottom line: Duplicating the p...

... in Northern California. The firm specializes in financial and management cons...

... of this exposure, smaller or thinly capitalized firms may be severely hit by even a single modest loss. Even some larger firms might find it difficult to absorb the cost of multiple suits. In the last few years, insurers have been queuing up to provide a specialized form of insurance specifically designed to protect against loss incurred in litigating and settling wrongful employment practices liability claims. The generic name for this new coverage is Employment Practices Liability insurance (EPLI) . It should be noted that insurance coverage for some kinds of wrongful employment ... TECHNIQUES While the incidence of employment-related claims has increased dramatically in recent years, one encouraging aspect regarding such claims is that both frequency and severity of loss can be controlled through prevention techniques. Two integral elements every successful employment liability prevention plan have are an effective employee manual program and awareness training. Employee Manual Many employment-related claims arise out of ignorance. This may be the result of the employer's policies and procedures not getting communicated to the employee, inconsistent hiring and discipline practices, or the employer simply not knowing what the law requires. ... &O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Epl: Building A Three-Legged Stool Of Protection 4/30/2013 10:35:25 PM by CompleteMarkets Editor , Gary Griffin This content has not been rated yet. EMPLOYMENT PRACTICES LIABILITY INSURANCE: BUILDING A THREE-LEGGED STOOL OF PROTECTION by Gary Griffin, ARM, and Rachel McKinney As the incidence of wrongful employment practice suits increases, savvy employers are taking proactive steps to control both the frequency and severity of claims. But even the most ...

...have been queuing up to provide a specialized form of insurance specifically d...o hope you'll take advantage of this special free trial offer.   ...

... that the consultant send you any special materials pertaining to your workpla...l furnish to each of his employees employment and a place of employment which are free from recognized h...

... Disabilities Act requires employers to make reasonable accommodations' for employees with disabilities. For these workers, telecommuting can reduce the strain of getting to their jobs. Even when you require a telecommuter to furnish his or her own office equipment, the company may have to provide special devices to accommodate a disability, such as telephone amplifiers or large-screen monitors. When you start a company telecommuting program, you'll be venturing into barely charted territory. But with sound written policies and a little risk management, you can enjoy the benefits - and avoid ... . Telecommuters who work at home don't need office space, thus reducing the company's space requirements and energy consumption. Moving employees to company-owned satellite offices may also bring cost savings due to lower rents in suburban areas. Increases worker productivity. The State of California Telecommuting Pilot program, a state-sponsored study of telecommuting among state workers, reported that telecommuting increased productivity by 10% to 30% . Reduced or eliminated commute time, reduced stress, and fewer distractions may account for this. Enhances employee retention. The California Telecommuting Pilot Program found ... . Telecommuters can work at home, in corporate-owned satellite offices, or in independent telecommuting centers, which rent space to telecommuters from many companies. There they have access to fax machines, copiers, secretarial services, conference rooms, and other amenities. BENEFITS Telecommuting helps employers in many ways: Reduces overhead. Telecommuters who work at home don't need office space, thus reducing the company's space requirements and energy consumption. Moving employees to company-owned satellite offices may also bring cost savings due to lower rents in suburban areas. Increases worker productivity ...

... pays a one-time premium based either on a rate (for example, per payroll or property values) or a flat amount. The insurer assumes the loss obligations covered under the policy. In some circumstances, guaranteed cost can be the best of all worlds. A specially tailored program can use an insured's expected losses to calculate premium. The premium is then discounted to recognize the time value of money. Insurer calculations include a risk charge for large losses and the possibility that losses might exceed projections. Many buyers like the fact that ... risk. This article offers s a basic overview of risk financing concepts for medium-sized firms (generally, those with fewer than 1,000 employees) . After surveying the principal types of risk financing alternatives, we'll outline the decision-making process and components for implementing such a program. The article will use these definitions: Risk financing: The use of insurance and other techniques to pay for loss obligations. Alternative risk financing: The self-assumption of risk, combined with insurance, to finance a company's property and liability losses; a formal program ... obligations as they become due. Self-insurance is distinguished from non-insurance in that self-insurance makes a formal accrual of liabilities. Workers Compensation, Auto, and General Liability are usually self-insured. Due to the states' responsibilities for protecting injured workers, Comp self-insurance is highly regulated. Employers who want to retain Workers Compensation exposures are required to demonstrate the financial ability to pay losses. This qualification process must be maintained, as states continually monitor an employer's status. State regulators require security deposits of qualified self-insureds to ensure that they can meet all loss ...