Zurich enhances EPLI coverage

 

Wednesday, Apr 22,2009, 6:08:55 PM   Click:

Zurich, a property and accident insurance, has announced improvements to its employment practices liability insurance coverage, which aims to address the risks employers face in the current unstable environment. Coverage focuses on the needs of employers with over 250 employees.
Zurich said that his liability insurance Employment Practices (EPLI) policy offers new levels of protection that meet the current risk environment, including: 100% defense cost allocation of defense to cover costs of termination of contracts, defense cost coverage for claims related to stock options and the third the coverage grant.

Zurich said its EPLI also includes a table of risk management tools to help employers anticipate and eliminate the risk of exposure.

Salvatore Pollaro, Executive Vice President of Management Solutions Zurich North America Commercial business unit of specialties, said: "We recognize and understand the evolution of the work of our clients face - and the role that the economic crisis may have on it. After a careful assessment of our clients needs, we have improved our EPLI program to respond effectively and flexibly. Whether an employer has 250 employees or 25,000, they face escalating litigation potential employees - and the escalation of verdicts and settlements. "