Management Liability for Financial Institutions

Employment Practices Liability

As an employer, you face employment practices litigation alleging discrimination, sexual harassment, retaliation and other torts. Chubb's Employment Practices Liability form provides broad protection for the wide spectrum of employment allegations facing companies operating in today's employment environment.

Coverage Highlights

Coverage

  • All employees including any full-time, part-time, seasonal and temporary employees, volunteers and leased employees who are indemnified by the company are covered.
  • Covered insureds include any director, trustee, governor, officer, employee or general partner of the company
  • Coverage can include amounts that the organization becomes legally obligated to pay as a result of a claim, which may include judgements, settlements and defence costs.
  • No express exclusions for fraud, dishonesty, profit, securities claims or severance pay
  • Outside directorship coverage for employment claims
  • Third-party coverage relating to discrimination or sexual harassment
  • Automatic 30 day coverage for new subsidiaries

Forms/Applications