Hanover Unwraps Employment Practices Policy

September 9, 2008 (PLANSPONSOR.com) - The Hanover Insurance Group is now including employment practices liability insurance (EPLI) coverage as an endorsement to every eligible new and renewal Avenues Commercial Package Policy (CPP).

The insurer said the new endorsement will help protect small and mid-sized businesses against the growing number of employee allegations of workplace discrimination and wrongful termination. The EPLI coverage is designed to help businesses with up to 50 employees (51 to 250 by referral), that traditionally shy away from costly standalone EPLI policies.

According to the insurer, the Hanover EPLI offers numerous benefits, including:

  • Coverage for exposure, such as employee allegations of sexual harassment, job discrimination, wrongful termination, mental anguish and emotional distress;
  • Optional third-party coverage available at an additional premium;
  • Coverage with up to $250,000 limit (higher limits available);
  • No separate underwriting process or application;
  • Specialized claim services;
  • Access to experienced EPLI law firms; and  
  • Protection for agencies against errors and omissions claims.

“Employment practices liability coverage has evolved from a high-priced option for large employers to an affordable necessity for all businesses,” said David J. Firstenberg, president, commercial lines at The Hanover, in a news release. “In today’s workplace, small and mid-sized business owners must defend themselves against damaging employment claims. Our new program provides broad coverage and services that are specifically designed and priced for this market.”

More information is at www.hanover.com .