Travelers Bond Brings New Training Module to Employment Practices Liability Customers.Business Editors/High-Tech Writers HARTFORD, Conn.--(BUSINESS WIRE)--July 15, 2003 Travelers Bond, a division of Travelers Property Casualty Corp. (NYSE NYSE See: New York Stock Exchange : TAP.A and TAP.B), announces the addition of a new training module to Risk Management PLUS+ Online(SM), its employment practices loss control program. The new module, offered exclusively by Travelers Bond, is designed to train managers and supervisors on the topic of employee terminations. Risk Management PLUS+ Online is a web-based risk management tool that Travelers Bond provides to its employment practices liability (EPL 1. EPL - Early PL/I. 2. EPL - Experimental Programming Language. 3. EPL - Eden Programming Language. U Washington. Based on Concurrent Euclid and used with the Eden distributed OS. Influenced Emerald and Distributed Smalltalk. ) insureds. The program includes searchable online databases for human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. personnel, sample employment policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental and interactive online training. Another feature of the program is a toll free hotline that enables insureds to directly access employment attorneys. "Travelers is committed to providing quality risk management services to its insureds," said Carrie Brodzinski, Vice President and Product Manager for Travelers Bond's employment practices liability, fiduciary liability and blended executive liability insurance products. "We have been offering our EPL insureds risk management services since we first began writing EPL coverage, and have made several enhancements along the way. This latest addition is in direct response to feedback from the users of our risk management services. Their number one employment concern is proper handling of the termination of an employee." The new online training module takes managers and supervisors through several scenarios on topics related to employee terminations. Trainees are presented with a set of circumstances along with a brief tutorial on the pertinent basic employment law principles. They are then posed some questions about how the situation should best be handled. The covered topics range from employment at will and implied contracts implied contract n. an agreement which is found to exist based on the circumstances when to deny a contract would be unfair and/or result in unjust enrichment to one of the parties. An implied contract is distinguished from an "express contract. to wrongful termination wrongful termination n. a right of an employee to sue his/her employer for damages (loss of wage and "fringe" benefits, and, if against "public policy," for punitive damages). for discriminatory or retaliatory re·tal·i·ate v. re·tal·i·at·ed, re·tal·i·at·ing, re·tal·i·ates v.intr. To return like for like, especially evil for evil. v.tr. To pay back (an injury) in kind. reasons. Travelers Bond is the only EPL carrier to offer this tool. "Most employment claims stem from the termination of an employee. Helping our insureds stay current with the law and train their management will help them avoid employment litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ," said Brodzinski. Risk Management PLUS+ Online(SM) is available at no additional cost to all that purchase a Travelers Bond policy that includes employment practices liability coverage - specifically: Employment Practices Liability PLUS+(R); Private Company Directors and Officers Liability PLUS+(SM); Healthcare Directors, Officers and Trustees Protection PLUS+(SM); The WRAP(SM); The Travelers Advantage(SM) for Financial Institutions; and Non-Profit Management and Organization Liability Insurance. Travelers Bond (www.travelersbond.com), a leader in the bond specialty business since 1911, is a major writer of surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act. surety n. , fidelity and executive liability products, with offices nationwide, as well as in London, Sydney and Toronto. Travelers Property Casualty (NYSE: TAP.A and TAP.B) is a leading provider of a wide range of insurance products. Travelers is the third largest commercial lines insurer, providing a broad range of insurance products including workers compensation, integrated disability, property, liability, specialty lines, surety bonds surety bond An insurance fee required before a duplicate security is issued to replace one that has been lost. The fee is approximately 4% of the market value of the security to be replaced. , inland/ocean marine, and boiler and machinery. The company is the second largest writer of homeowners and auto insurance through independent agents. For more information on Travelers products, see www.travelers.com. SUBJECT: TAPA, TAPB, TAP.A, TAP.B, TAPa, TAPb, TAP.a, TAP.b, TAP/A, TAP/B, TAP/a, TAP/b |
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