Tag Archives: EPLI

Professional Liability: Policyholder Education

Professional Liability Policyholder EducationProfessional Liability on Policyholder Education: Agent or Carrier Responsibility?

Every policyholder must be educated about claims and their coverage. That everyone agrees on. The insured should know the extent of their coverage, what they are paying for, what is and isn't covered, and what to do in the even they need to file a claim. But whose responsibility is it?

Clients rely upon their brokers and agents to procure and negotiate insurance policies that meet their unique needs. And because of their participation in procuring coverage, a broker can find themselves at the..


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Professional Liability Risks for Nonprofits

Professional Liability Risks for NonprofitsProfessional Liability Risks for Nonprofits

Nonprofits were hit hard by the recession. During 2005 to 2010, private charitable contributions fell by nearly 10 percent (after adjusting for inflation). In short, people just didn't have the money to give. And while it’s starting to rise, charitable donations remain significantly below pre-recession levels.

Celebrity nonprofits are a double edged sword. A recognizable name brings a huge visibility to a cause, but it also ties the nonprofit directly to the celebrity’s reputation. When Tour de France cyclist Lance Armstrong admitted to doping during his..


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What is Employee Practice Liability Insurance?

What is Employee Practice Liability InsuranceThe Insurance Information Institute defines Employee Practice Liability Insurance (EPLI) as a policy that “covers businesses against claims by workers that their legal rights as employees of the company have been violated.”

We work in an increasingly litigious society. Lawsuits aren't just for large corporations. The number of lawsuits filed by employees against their employers is rising and the fallout can be costly and drag out for years to come.

A recent study on workplace harassment and discrimination found that it is..


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