Employers Practices Liability Insurance

Specific purpose built employment practices cover

The possibilities for employment actions against businesses are multiplying. Most staff are aware of their rights and are quite prepared to take action against their employers if they think these rights are breached. Meanwhile compensation continues to increase, setting precedents and giving employees everywhere a context for their own grievances. Of course, outside of South Africa, companies with any kind of International exposure face the full force of class actions and a history of huge settlements.

Features and Benefits

  • CorporateGuard EPLI covers legal costs, expenses and compensation awards for a wide range of employment practice violations.
  • EPLI covers actual or alleged violations (even unfounded ones can take time and money to defend).
  • Cover is worldwide so it doesn’t matter where you are represented. It protects everyone in the company (past or present) from the Chairman to individual contractors and temporary staff. It even covers your directors while they are working for outside companies.

Who is it for?

All public and private owned companies.

What is covered?

The company, and all employees:

  • Broad definition of employment practice violation.
  • Automatic cover for new subsidiaries within the asset threshold (excluding those domiciled in North America).
  • Legal fees and expenses for any official investigation.
  • Advancement of defence costs.
  • North America exposure (subject to conditions).

Employers Practices Liability Insurance policies are short-term products and are underwritten by AIG South Africa Limited, FSP No:15805