Employment Practices Liability insurance covers employers for allegations of wrongful termination, discrimination or harassment, including sexual harassment. It pays for liability damages and defense costs (within the liability limit) due to claims brought by full-time, part-time, temporary and seasonal workers, and job applicants.
Mike Keane, head of OneBeacon Small Business, said, 'Federal and state laws set standards for treatment of employees that actually protect both workers and employers. Yet, because these laws can be very complex, it's possible for even the most conscientious employer, or someone on their staff, to inadvertently violate their requirements - potentially leading to significant claims. Our Employment Practices Liability solution is specifically designed for small businesses and available as an endorsement to our OnePac product, providing the convenience of just one policy.'
In addition to delivering specialized but affordable protection, the Employment Practices Liability program also provides a dedicated Web site - www.employerprotection.com/OneBeacon - which is an online risk management tool designed to help employers avoid problems in the first place. OneBeacon customers also benefit from the specialized skills of its claims staff and law firms that focus on employment law.
The Employment Practices Liability solution is currently available for OneBeacon's small-commercial policyholders in 23 states. The company will introduce the coverage in other states as it obtains individual state regulatory approvals.
OneBeacon's U.S. headquarters is in Canton, Massachusetts. The company is publicly traded on the New York Stock Exchange under the symbol 'OB'.