EXTON, Penn., Nov. 1, 2016 /PRNewswire/ -- To help design
professionals address potential claims for wrongful employment
practices, XL Catlin is adding an employment practices liability
insurance option to its professional liability insurance for
architects, engineers and other design businesses in the US.
According to 2015 data, the Equal Employment Opportunity
Commission (EEOC) received 89,385 charges against businesses of all
sizes for workplace discrimination, harassment, wrongful
retaliation, and other questionable employment practices. In
2015, the EEOC also reported that it secured more than USD 525 million for victims of discrimination in
private sector and state and local government workplaces through
voluntary resolutions and litigation.
"No company is immune from employment litigation," said
Doug Strong, Chief Underwriting
Officer for XL Catlin's Design Professional insurance business.
"The cost of litigating such claims can be overwhelming -
settlements can easily run in the $250,000
to $300,000 range, even for single employee claims against
small companies."
Available under XL Catlin's Design Professional liability policy
form, XL Catlin's Employment Practices Liability for Design
Professionals coverage, with dedicated EPL limits separate from
design professional liability limits, offers:
- Broad definition of Insured Person
- Broad definition of Employment Practice Wrongful Act
- Definition of Loss includes back and front pay, pre- and
post-judgment interest, multiplied damages and attorney fees
- Defense for ADA and written employee contract claims
- Third-party coverage for claims from non-employees
With capacity up to USD 1 million,
XL Catlin Design Professional's EPL coverage is accompanied by loss
prevention services such as a risk management website and a loss
prevention hotline with access to employment legal expertise to
address issues before they become a problem.
XL Catlin's Design Professional business provides professional
liability insurance for architects, engineers and design
consultants. Coverage is available for firms of all sizes and
disciplines. XL Catlin's design professional coverage is
accompanied by a variety of loss prevention assistance and risk
management assistance including continuing education courses and
access to XL Catlin's Contract eGuide to help firms
incorporate strong contract language.
About XL Catlin Insurance Operations
XL Catlin insurance companies offer property, casualty,
professional, financial lines and specialty insurance products
globally. Businesses that are moving the world forward choose XL
Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group
ltd.'s (NYSE:XL) insurance and reinsurance companies which
provide property, casualty, professional and specialty products to
industrial, commercial and professional firms, insurance companies
and other enterprises throughout the world. Clients look to
XL Catlin for answers to their most complex risks and to help move
their world forward. To learn more, visit xlcatlin.com.
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SOURCE XL Catlin