Navigating the EPLI Maze: A Handbook for Purchasers of Employment Practices Liability Insurance
June 14, 1998
Stephen J. Weiss- Washington
Buying employment practices liability insurance ("EPLI") requires navigating a maze of daunting complexity. Today, about 50 insurance companies offer EPLI policies, each using its own form. Even the simplest of these policies have an intimidating number of detailed definitions, exclusions and conditions, with nuances of wording that can have very costly consequences down the line. Narrow definitions and overly broad exclusions found in many EPLI policies can wind up leaving you exposed to a multimillion-dollar loss.
Fortunately for insureds, EPLI policy forms are not cast in concrete. Because EPLI premiums are substantial and the market highly competitive, nearly all insurance companies will invest time to consider amending their policies to meet your needs. Too few insureds avail themselves fully of this opportunity, and, as a result, many discover devastating coverage shortfalls after a claim has been made against them.
This handbook is intended as a practical guide for purchasers of EPLI to help them secure greater value for their premium dollars.
For more information or to receive a copy of Navigating the EPLI Maze: A Handbook for Purchasers of Employment Practices Liability Insurance, please contact the author, Stephen J. Weiss, 202-457-5920 or sweiss@hklaw.com. This book is a supplement to the Bowne Red Box Subscription Service. For additional information on this service, please contact Bowne Publishing, New York, (212) 229-7234 or visit www.pubs.bowne.com.
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