Maximizing Coverage of Emerging Employment Liability Risks

Employment-related litigation has never been more costly or more pervasive. This is especially true during the current, challenging economic times. “Garden variety” claims like wrongful termination, sexual harassment, and discrimination continue to proliferate—requiring an average payment of $300,000 for every case that goes to a jury; a figure that does not include defense expenses! In addition, during the past 5 years, new and in some cases, even more costly sources of litigation have converged upon the employment landscape.

June 28, 2011
1:00 p.m. Eastern time

To Purchase

The regular price for non-subscribers is $79 per webinar. However, subscribers and authorized users of IRMI reference services (on either IRMI Online or ReferenceConnect) pay only $9.99 per webinar!

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• Non-subscribers

Webinar-at-a-Glance

Using his more than 35 years of experience in the insurance business—as a broker, consultant, and underwriter—Richard G. Clarke, CPCU, RPLU, CIC describes the optimal approaches available to cover these newly-emerging claim causes, which include:

• Wage & hour litigation,
• Social media exposures,
• Privacy breaches, and
• Immigration-related violations.

He sets the stage by providing a brief history of employment practices liability insurance. Then, he provides an in-depth analysis of the Equal Employment Opportunity Commission’s (EEOC) recently-released 2010 fiscal year claim report; a document which clearly shows the continuing, upward trend in both the number of claim filings and in the size of the monetary payments made by employers. In the last segment of the program, he takes a detailed look at these four relatively new—and yet every-bit-as costly—sources of employment litigation, and identifies the optimal insurance coverage approaches available to reduce their financial impact.

Who Should Consider Purchasing

This webinar will help anyone who is faced with the responsibilities and challenges of dealing with employment practices liability litigation—whether as an agent/broker, underwriter, or risk manager.

Agents and brokers will acquire the knowledge to pinpoint and cover these emerging claim causes. Insurance company underwriters can learn how to design EPLI programs that successfully address these exposures, ultimately making them easier for their producers to sell. Risk managers will, given these costly claim exposures, become skilled at convincing "higher-ups" as to why EPLI coverage is essential rather than optional.

Benefits to Your Participation

Attendees will emerge with an understanding of how to better protect their clients or their company and with a tool kit of sure-fire ways to manage an organization’s exposure to these newly-developing hazards, including:

• State-of-the art techniques to craft EPLI policies that protect against these exposures—despite the fact that standard forms exclude or do not cover them sufficiently
• Little-known, but highly effective endorsements that can significantly broaden coverage, while adding little to premiums
• An enumeration of the subtle—but critical—coverage variations between the key provisions offered by EPLI insurers that address these exposures
• Time-tested methods of defeating cost objections to buying EPLI coverage
• The most successful techniques for alerting and convincing senior management of the dangers posed by employment claims

Continuing Education Credit Information

Attending any three Management Liability Insurance Webinars will satisfy the annual reaccreditation requirement for the MLIS® program. CPCUs attending this webinar will be awarded one (1) CPD (continuing professional development) program point. This webinar has not been filed for and will not satisfy state insurance CE requirements in any state. It has also not been filed for CLE or CPE credit, but you may be able to self-file after attending the program.