There are good reasons to consider Employment Practice Liability insurance from AIG
Your employees are becoming more litigious
Our experience shows that employment tribunal cases have increased. But
we also know that in reality businesses face a broad range of employment
actions including many that are settled in private without ever getting
Growing body of legislation
Today there’s a broad range of legislation for businesses to keep track
of, for example age or religious discrimination. Strict enforcement of
areas like sexual discrimination is reflected in the increasing number
of cases. Insurance helps protect the company and management by paying
damages, judgements, settlements and defence costs for many types of violations.
Managing your reputation
A public case can be bad for the reputation of a company and its
leaders. Our clients get access to high quality public relations
assistance to plan and manage a communication strategy that will help
manage their public image in the aftermath of a claim.
The financial costs are rising
Cases are getting more expensive as the caps on awards are increased
each year – however they are unlimited in discrimination cases.
Business also need cover against defence costs – and the policy also
pays employees’ costs if they lose the case.
Can your management keep up?
Much is expected of employers in their handling of employee actions. The
burden of proof lies heavily with employers. Strictly defined procedures
must be followed otherwise the case could be lost from the start by
default. It’s a lot to keep up with and management should consider
protection against even innocent slip ups.
The company and its subsidiaries may use the services of an independent
expert who will work to clarify the circumstances of an actual or
alleged wrongful act involving an employee. Our policies take a wide
interpretation of who an ‘employee’ is.
Who is it for?
The policy covers are:
The company and subsidiaries
All directors, officers and employees including independent contractors
The spouse or partner of an employee, director or officer who is deceased, incompetent or insolvent
What is covered?
Covers the company, and all employees including seasonal and temporary workers
Broad definition of employment practice violation
Legal fees and expenses for any official investigations