Broader Covered Perils Leaves Gaps In Covered Losses Under EPL Policies
- Topics:
- Directors and Officers Coverage
- Tags:
- Career,
- Gender And Diversity,
- Harassment,
- Human Resources,
- International Risk Management Institute Inc.,
- Policy,
- Professional Development
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Overview: Recent years have witnessed significant expansion in the scope of perils covered by employment practices liability insurance (EPLI) policies. When they were first offered in the early 1990s, few forms covered much more than wrongful termination, discrimination, and sexual harassment. However, by the mid-1990s, perils such as constructive discharge, wrongful discipline, and negligent evaluation had begun to find their way into EPLI forms. Lately, coverage for even more exotic perils such as "adverse change in the terms of employment" and "wrongful deprivation of a career opportunity" are appearing within the policies. Despite these expansions in the scope of covered perils, there remain a number of gaps in the scope of covered losses under EPLI policies. This article discusses and analyzes the nature of these losses not covered by the policies and suggests a number of steps to take that can minimize their effect. In addition, the policy modifications and actions suggested within this article can mitigate a policyholder's exposure to such uninsurable losses.
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Format: HTML | Date: Oct 2001 | Pages: 1
