EPL
This tool can be used by employers to screen job applicants.
What is AI?
Commonly found as an endorsement, this exclusion excludes all claims related to Cyber events on a D&O policy.
What is a Data & Privacy/Cyber Exclusion?
This insurance company offers Directors & Officers Liability policies in over 100 countries through strategic partnerships globally.
What is Travelers Insurance?
Claims made and wrongful acts are considered for coverage within this geographical region.
What is worldwide coverage?
This Cyber Insurtech carrier was acquired by Travelers in 2024.
Who is Corvus Insurance?
This coverage within a EPL policy form helps protects employers from claims related to documentation of foreign workers.
What is Immigration?
A legal status of insolvent person or organization.
What is bankruptcy?
These suits allege that plan fiduciaries have a legal obligation to act in the best interests of plan participants, including ensuring that the fees charged by service providers are reasonable and necessary for the services provided.
What are Excessive Fees?
In addition to the organization’s assets being at risk, these assets are also at risk for the directors and officers during a non-profit D&O claim.
What are the personal assets of D&O’s?
This is the process of converting data into an unreadable format so only authorized parties can access it by using a secret key to decrypt it.
What is encryption?
All Wrap Plus policies have access to this robust website offering free resources including a hotline to reach an attorney for EPL expertise.
What is RMPLUSONLINE.COM?
This is often required by a company acquiring another company for acts that happen prior to the sale.
What is a D&O tail/run-off policy?
This corporation that provides data and technology to the automotive, heavy truck, recreation, and heavy equipment industries was recently the target of a ransomware that led to the encryption of critical 3rd party files and systems, and the halting of business amongst car dealerships across the country.
What is CDK Global?
This claim refers to situations where one insured party sues another insured party under the same insurance policy.
What are insured person vs insured person claims?
This currency is what threat actors demand for ransomware payments.
What is Bitcoin?
This coverage could be triggered when someone claims they cannot access a company’s website due to a disability.
What is 3rd party EPL for ADA violation?
This part of the D&O policy kicks in when a company cannot indemnify their officers and pay the retention of the D&O policy.
What is Side A Coverage?
This coverage is designed to protect your company if an employee or independent contractor steals from a client's premises.
What is Employee Theft of Client Property Coverage?
This type of incurred cost can be outside the limit of liability, meaning it does not reduce the limit of liability to pay claims.
What is defense outside the limits?
This coverage pays for costs associated with hiring a forensic accounting firm to establish a proof of loss to establish a loss of income in a business interruption scenario.
What is Accounting Costs?
This coverage in an EPL policy could be triggered by violating FLSA.
What is Wage and Hour?
Bonus Prize: What does FLSA stand for?
Employee benefit plans which allow employees of a company to own stock in that company.
What is an ESOP/Employee Stock Ownership Plan?
This coverage provides for monies paid to kidnappers or extortionists, loss of ransom in transit and other expenses incurred as a result of a kidnapping.
What is Kidnap & Ransom Insurance?
This coverage is crucial for all non-profit organizations, even ones that don’t have employees.
What is EPL?
This value add service provided to existing Cyber customers has resulted in a 20% lower risk of Cyber incident and 27% lower claim costs when customers register their account on the Cyber Risk Dashboard.
What are Travelers Cyber Risk Services?