Policy Highlights

The THB EPL 07 form has recently been greatly enhanced and in addition to offering everything that an Insured would expect from such a broad wording, we also include the following enhancements:

• Third party coverage is offered to most Insured’s for no additional premium.
• Punitive damages coverage with “most favourable jurisdiction” wording at no additional premium.
• Defense outside limits option is offered.
• The ‘Hammer Clause’ has been diluted to be 80/20. 20% being the Insured’s contribution to the settlement.
• Broad definition of Employee which includes Independent Contractors.
• A spousal extension which extends to all Insured’s, not just those named in the declarations page and includes domestic partners.
• Underwriters will pay 100% of the defense costs for single plaintiff wage and hour Claims as long as there is at least one covered allegation.
• Automatic coverage given to an entity that is formed during the policy period.
• No WARN exclusion
• No Strikes and Lockouts Exclusion
• No Downsizing exclusion
• No Intentional Acts exclusion.
• No Co-payment provision.
• Only cancelable by underwriters for non payment of premium.
• Prior acts Cover.
• Bi-lateral ERP – The Insured has 30 days to request the ERP and 45 days to pay for it. It also now only costs 125% for 2 years and 150% for 3 years.
• Potential Claims may also be reported during the ERP.
• Automatic coverage for up to 60 days for newly acquired entities and no additional premium is charged thereafter if this results in less than a 25% increase in employees. Coverage is now automatically given to an entity that is formed during the policy period.
• Free Helpline service which offers advice on all employment matters by phone and e-mail.
• The Insured has a full 90 days to report a Claim.
• Unlike many carriers, we do not require sight of a handbook. Underwriters will bind coverage, no matter what is lacking in a company’s loss prevention abilities. The insured will then be provided with the services of a qualified employment lawyer, who will help them produce a handbook and / or update their policies and procedures.
• We also have a specific Law Firm wording and specific PEO wording (offering client company coverage).
• Very competitive commission.

We have an In-house binding authority and can provide 24-hour or less turnaround. If this product is of interest, please contact us: