18 05, 2023

Employment Practices Liability: Trends in Coverage, Claims, and Risk Management

By |2023-05-18T11:16:14-05:00May 18, 2023|@PLUS, EPLI, PL Insurance|0 Comments

Professional liability insurance encompasses many industries, specialties, and coverages. Employment practices liability is one coverage falling under the umbrella of professional liability. Employment practices liability, commonly abbreviated as EPLI or EPL coverage, provides defense and indemnity (not all carriers might cover indemnity payments) costs relating to damages stemming from employee allegations against employers of employment violations. These violations include claims related to discrimination against protected classes (for example, age, race, gender, disability, sex, and religion); wrongful termination, retaliation, harassment (sexual harassment, hostile work environment); wrongful discipline and other employment issues that could be considered a violation.[1] Some carriers’ policies also extend EPL [...]

11 05, 2023

Lawyers Professional Liability Claims Trends

By |2023-05-11T08:23:34-05:00May 11, 2023|@PLUS, Lawyers Professional, PL Insurance|0 Comments

With so many new concerns in lawyers professional liability (LPL) claim trends it is important for anyone working within this market to stay in the know. Berkley Select recently hosted a session with Al Roberts, Vice President of Underwriting, Jeff Yao, Chief Claims Officer, and Matt Henderson, Partner at Hinshaw & Culbertson, LLP answering questions about trends they are seeing in claims in the LPL space. Below are key takeaways of the discussion on LPL claim trends and how to mitigate risks. Some of the most frequent/common LPL claims today include: Conflicts of interests Poor communication Lawyers suing their clients [...]

3 10, 2022

Alright, Alright, Alright A Look at Cannabis and Executive Risk

By |2022-09-29T11:32:20-05:00October 3, 2022|@PLUS, D&O, PL Insurance|0 Comments

The exposures of the cannabis industry are unique for the Board of Directors and the risk transfer contractual nuances are radically more pronounced than traditional private company executive risk. The risks include jurisdictional issues at the State and Federal level, licensing and regulatory issues, investor profile and make-up of the Boards, banking concerns and much more. While watching this webinar on-demand recording, you will learn about cannabis exposures, claims frequency and severity trends as well as what boards and senior officers of an organization can expect to see from the PL industry in the next 6 months and beyond. Still [...]

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