|LEXINGTON INSURANCE COMPANY BROADENS EMPLOYMENT PRACTICES LIABILITY COVERAGE|
BOSTON, January 5, 1998 - Lexington Insurance Company has enhanced its Employment Practices Liability Insurance (EPLI) policy to include new coverages.* |
The policy addresses the exposures employers may face resulting from suits alleging discrimination, sexual harassment or wrongful termination. EPLI protects the corporate entity, directors, officers and other employees.
Lexington's enhanced EPLI policy now features punitive damage coverage, no co-insurance requirement, automatic coverage for acquisitions (if the employee total of the acquired company is 20 percent or less than the employee total of the insured), defense coverage for injunctive or non-monetary relief claims and a broadened definition of workplace torts. The policy can be endorsed to extend coverage to independent contractors and to cover third-party claims (e.g., discrimination claims brought by clients or customers). Coverage is available with limits of liability of up to $50 million.
EPLI policyholders can utilize Lexington's Integrated EPL Risk Management package of services which includes options such as employment practices audits by Baker & McKenzie, risk management consulting, a toll-free employment practices hot line, regional seminars and training, and an electronic human resources compliance reference system. All services are optional and are offered at no additional charge.
For more information on Lexington's EPLI policy, contact Paul C. Cunningham at (617) 772-4586; for information on Lexington's EPL Integrated Risk Management Package contact Karen Callanan at (617) 330-8204.
Lexington Insurance Company, based in Boston, is the leading U.S.-based excess and surplus lines carrier. Lexington Insurance Company is rated A++ (Superior), Class XI, by A.M. Best Company and AAA by Standard & Poor's.
* May not be available in all states. Issuance of coverage is subject to underwriting. Certain exclusions and limitations apply. See policy terms and conditions for all full description of coverages.