EMPLOYMENT PRACTICES LIABILITY

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EMPLOYMENT PRACTICES LIABILITY
Paul H. King Babb, Inc.
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PURPOSE OF EMPLOYMENT PRACTICES LIABILITY
INSURANCE

• Defend Alleged Claims
• Pay Defense Costs Associated in Defending Claims
• Coverage for Claim(s)

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METHODS OF INSURING EMPLOYMENT LAW VIOLATIONS

• Directors Officers Policy
• Employment Practices Liability Policy

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EMPLOYMENT PRACTICES LIABILITY

• COVERAGE HIGHLIGHTS
• Wrongful Termination
• Workplace or Sexual Harassment
• Failure to Promote
• Wrongful Failure to Hire
• Breach of Employment Contract

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EMPLOYMENT PRACTICES LIABILITY

• COVERAGE HIGHLIGHTS
• Violation of ADA
• Wrongful Discipline
• Violation of Employment Discrimination Laws
• Wrongful Retaliation
• Employment-Related Wrongful Infliction of
  Emotional Distress

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EMPLOYMENT PRACTICES LIABILITY

• POLICY ITEMS TO KEEP IN MIND
• Entity Coverage
• Intentional Acts Exclusion
• Shared Limits
• Named Insured
• Retroactive Dates, Continuity Dates

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EMPLOYMENT RELATED CLAIMS ARE ON THE RISE

• Largest category of Federal Civil Lawsuits
• 25,000 new job discrimination federal court
  lawsuits per year
• More than doubled in five years
• Averaging 20 per year increase
• EEOC (and State Agencies) - 200,000 charges per
  year

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VERDICTS AND SETTLEMENTS CAUSE FOR ALARM

• Average Awards for Litigated Employment Cases
• Age Discrimination 219,000
• Race Discrimination 147,799
• Sex Discrimination 106,728
• Disability Discrimination 100,345

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AVERAGE DISCRIMINATION VERDICT 107,000
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BAD NEWS ! Defense Legal Fees

• 100,000

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• Cohen Grigsby, P.C. and Babb, Inc.