LEXINGTON INSURANCE COMPANY INTRODUCES EMPLOYMENT PRACTICES LIABILITY INSURANCE
LEXINGTON INSURANCE COMPANY INTRODUCES
EMPLOYMENT PRACTICES LIABILITY INSURANCE
BOSTON, March 12 /PRNewswire/ -- Lexington Insurance Company announced today the availability of Employment Practices Liability Insurance (EPLI). This coverage addresses the complex and potentially volatile exposures employers may face resulting from suits alleging discrimination, sexual harassment or wrongful termination.
As a part of the multi-pronged approach to this problem, the company, in cooperation with the international law firm of Baker & McKenzie, has also created an Employer Practices Audit Program designed to assist employers in identifying and reducing potential exposures.
Lexington is also making available a 20-page booklet entitled "Employment Practices Liability in the '90s -- Protecting Your Company and Its Employees."
Commenting on this program, Kevin H. Kelley, Lexington's president, said "As a result of the Civil Rights Act of 1991 and the recently- passed Americans with Disabilities Act, employers may face many expanded liabilities. Employers and employees must become more aware of the serious implications of work-place conduct including hiring, firing and supervisory practices."
The policy is written on a claims-made basis with limits of up to $5 million. EPLI protects the corporate entity, directors, officers and other employees.
Employment Practices Audit Program
To assist insureds in their loss prevention efforts, Lexington in cooperation with the law firm of Baker & McKenzie, has created The
Employer Practices Audit Program. This program includes an examination of personnel policies and practices of a policyholder, including employee handbooks, job applications, collective bargaining agreements, affirmative action programs and individual employment contracts.
"This program will assist policyholders in identifying and reducing potential employment practice problems. In so doing it may lead to a reduction in renewal premiums," said Richard H. Bucilla, senior vice president of Lexington.
Information on EPLI, the Audit Program or a copy of the booklet may be obtained from Richard H. Bucilla, senior vice president, Lexington Insurance Company, 617-330-8335.
Lexington Insurance Company, based in Boston, is the largest excess and surplus lines insurer in the United States. It specializes in difficult-to-place property, casualty and medical stop-loss coverage.
/CONTACT: Beth Myers of Lexington Insurance, 617-330-8378/ CO: Lexington Insurance Company ST: Massachusetts IN: INS SU: PDT SM -- NY065 -- 7493 03/12/92 15:19 EST