Employment Practices insurance is a type of liability insurance covering wrongful acts arising from the employment process. It provides comprehensive protection against errors and omissions in the management and administration of human resources. In essence, it is an HR malpractice policy. The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, and retaliation.
In most cases the policies cover claims from a variety of other types of inappropriate workplace conduct that are employment-related: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation.
PSC Connect Member Brokers specialise in employment practices insurance. We have a range of insurance options with policies that cover directors and officers, management personnel, and employees as insureds.
There are very good reasons for businesses of all sizes to consider taking out specific insurance to cover the potential costs of employment practices actions.
Today employees are more litigious than ever. The number of employment tribunal cases are continuing to increase each year. Even more are not recorded as many cases make it to a tribunal instead of being settled out of court.
PSC Connect Member Brokers can provide specific cover to suit your organisation including:
- Cover to suit organisations of all sizes and many structures, including private companies, not-for-profits and partnerships
- Protection of a broad definition of what constitutes and employment practice violation
- A wide definition of who is an ‘employee’
- Claims by third parties for harassment and discrimination are included.
Although employment practices liability insurance is available as a stand-alone coverage, it is also frequently sold as part of a management liability package policy.
Our experienced PSC Connect Member Brokers can help you get the right insurance cover by assessing your specific needs and recommending the best value insurance solution for your business, whilst still maintaining the highest standard of cover.