Definitions
Maximum for all “claims” is the Annual Aggregate Limits of Liability
Limits/Sublimits
How many different policy forms are there under the EPLI coverages?
40
How many EPLI claims represent all civil litigation in the US today?
Name two of the top trending cases
(answers may vary)
What is a Notice Manager?
Natural persons in the offices of the chief executive officer, chief financial officer, general counsel, risk manager, human resources manager or any equivalent position to the foregoing, of an "Insured Entity"
Insurer shall pay Loss on behalf of the Insureds resulting from a _________ claim first made against the Insureds during the Policy Period or the Extended Reporting Period, if applicable, for a _______ Wrongful Act by the Insured
Third Party
What is the average cost to defend EPLI?
$250,000
Winning plaintiffs in EPLI cases receive an average of how much in damages?
$3 million
What is Artificial Intelligents being used for?
Screening applicants and prospective tenants
Provision that allows a policyholder to report claims that arise after the policy has expired or been canceled, but were based on incidents that occurred during the policy period.
Shall be part of, and not in addition to, each applicable Limit of Liability. Payment of _______ by the Insurer shall reduce each Limit of Liability
Defense Costs
What are 4 coverages of EPLI?
Wrongful termination, discrimination, harassment, retaliation, defamation, violation of FMLA
About how many EPL lawsuits are filed daily with private employees with fewer than 100 employees making up over 40% of claims?
550
States are passing legislation requiring employers to develop _____________________ and provide training to employees
Anti-harassment policies
Over _____% of claims are brought against private employees with employers with under _____ employees
40%, 100
What are the 5 most litigious states? (have to list all 5)
NY, NJ, IL, TX, FL, CA