The ExecPro Employment Practices Insurance Policy, is a state-of-the-art liability policy with broad
language and a multitude of enhancements.
Policy Features:
- Claims made policy with Limits of Liability up to $25 million*
- Option for Third Party Liability Coverage available for most accounts
- Duty to defend with the Insured having the right to assume the defense
- Either/ or Discovery option
- Broad definition of Claim including written demands for monetary or non-monetary relief and fact-finding EEOC proceedings
- Broad definition of Insured including the Company, all employees and any leased employees
- Broad definition of Loss including punitive damages with most favored venue wording*
- Non-cancelable by the Insurer except for non-payment of premium
- 90-day post-policy claims reporting
- Automatic conversion to run-off coverage if change of control takes place
- Automatic coverage for employees of certain newly created, acquired or merged companies
- Spousal coverage extension
- Risk Management program available to all policyholders through the outside law firm Jackson Lewis, including a toll free hotline.
*May not be available in all states
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