Lots of times, businesspeople who buy insurance make (reasonable) assumptions. For example: “If I have employment practices liability insurance, I must be covered for claims arising out of employment practices…right?” Mmmmm…not so fast. most EPLI policies contain a hidden gap that’s wide enough to drive an eighteen-wheeler through. EPLI coverage came on the market a [...]
n a state Department of Revenue list of who owes taxes, Blair County residents, businesses and former businesses are on the hook collectively for $5 million, based on 679 liens filed against them. That puts Blair County at the top of the list, when compared to the range of $1.48 million to $3.04 million owed [...]
Q: what is EPLI Insurance? A: EPLI Insurance or Employment Practices Liability Insurance covers the employer for exposures relating to employment (i.e. discrimination, wrongful termination et al). Q: What’s the difference between term life insurance and whole life insurance? A: Term insurance is for people who do not want life insurance to be paid when [...]
First things first, EPLI stands for Executive Precision Lighting Instrument ($60) and though we’re ambivalent on the government issue acronym, we do like what it offers: a slim form factor tactical light. Made from requisite high-grade aircraft aluminum with a military spec graphite anodized finish, the EPLI uses two AAA batteries to power its dazzling [...]
The EPLI Insurance or Employment Practices Liability 101 Myth #1: Employees are ‘exempt’ if they are paid a salary.Payment of a ‘salary,’ however, is only one of many requirements to create an ‘exempt’ employee. So, while state and federal rules regarding overtime, meal & rest periods, and similar wage/hour laws do not apply to ‘exempt’ [...]
“Duane is a highly respected insurance industry leader, who has an in-depth understanding of the market’s needs,” said Sam Broomer, Vice President of business development, Identity Theft 911. Scottsdale, AZ (PRWEB) may 10, 2012 Identity Theft 911, the nation’s premier identity management and data risk management services provider, today announced that Duane Cable has joined [...]
As the economy continues climbing back from the abyss, recent studies show management-related liability claims are on the rise, in some cases, by double-digits. The entities on the sharp end of these litigation sticks were public and private, for profit and not-for-profit, large and small…in other words, organizations of virtually of every type, size and [...]
Some 80 per cent of small and medium-sized enterprises (SMEs) are planning to hire over the coming six months, research finds. The figure is a third more than the level of six months ago, according to a survey of 400 business owners conducted by The London Entrepreneurial Exchange. in terms of overall investment, spending on [...]
Independence Holding Co. (NYSE: IHC) is on the StockGuru Leader Board today. The stock closed up 6.84% on Friday. Volume was 17,200 shares traded. Join in on the Discussion about IHC:http://members.stockguru.com/stocks/ihc/ About the Company: Independence Holding Company, through its subsidiaries, engages in the life and health insurance business in the United States, the District of Columbia, the [...]
NEW YORK, April 20, 2012 /PRNewswire/ – QBE is expanding its offering of Employment Practices Liability insurance (EPLI) for small- and medium-sized businesses that want easy and affordable protection. According to Head of QBE Regional Insurance Tony Cid, EPLI coverage has evolved from a high-priced option for large businesses to an affordable necessity for all employers. [...]
Question by Woolianna P: what did Jean-Jacques Rousseau’s Social Contract call for?a.) Armed resistance to the king of England’s oppressive colonial policies.b.) The creation of regulatory bodies to oversee stock transactions, investigate insurance claims, and enforce commercial contracts.c.) Government that reflects the general will of the people.d.) immediate independence for Corsica and Sardinia.e.) marriage contracts [...]
Barcelona’s Lionel Messi and Real Madrid’s Cristiano Ronaldo and their teammates prepared for a strenuous nine days of soccer in style this past Saturday as both players reached a record 41 goals in a Spanish League season. Ronaldo reached the milestone first because Real played first, registering a header goal in the 74th minute in [...]
When U.S. Department of Labor Secretary Hilda Solis announced that the department is "back in the enforcement business," risk managers surely took notice. since that proclamation in 2009, the Dept. of Labor has been much more active in enforcing wage-and-hour violations and offering assistance to workers complaining of unfair treatment. Meanwhile, new employment regulations are [...]
HR Knowledge, Inc., a leading Business Process Outsourcer (BPO) serving emerging to mid-sized companies throughout the Northeast with offices in Mansfield and Waltham, recently announced that they provide training on sexual harassment prevention in the workplace. Companies are required by Federal Law to have a Sexual Harassment Policy in place, and annual training of all [...]
Richard Cheng, general counsel of Senior Care Centers, says his new colleagues were perplexed when the company hired him last year. It’s rare for long-term health-care companies to have in-house counsel, he explains — an irony since the industry is heavily regulated. Dallas-based Senior Care Centers is one of the few long-term care companies with [...]
NU Online News Service, March 7, 1:41 p.m. EST Larger companies benefited from carrier competition on their employment practices liability risk receiving more rate decreases than small and midsize businesses, according to a report from insurance broker Marsh. In Marsh’s latest benchmarking trends report on EPLI, 58 percent of large organizations (4,000 or more employees) [...]
ALAN WOOD Christchurch manufacturers including Elastomer Products are considering shifting from quake-damaged land in the east of Christchurch under insurance company pressure. Tom Thomson, managing director of Elastomer, said it was a 50-50 scenario as to whether the company would stay on a leased site on the corner of Maces rd and Ruru rd, given [...]
By Kevin E. Noonan – In response to an earlier post on Novartis' challenge to the Indian Patent Office's decision not to grant a patent on its anticancer drug Gleevec® (see "Indian Supreme Court to Rule on Gleevec Patent"), a reader opined that we should appreciate the erudition and wisdom of the patent official in [...]
Employment Practices Liability Insurance (EPLI) can mean the difference between a company’s survival and its demise. first developed in 1988, EPLI was not viewed as a major item until the Civil Rights Amendment in 1991. while designed to protect employees, the amendment opened the door to employee lawsuits against employers. in less than a decade [...]
The California Supreme Court ruled that a public school district may be vicariously liable for the negligent hiring, retention and supervision of a guidance counselor who allegedly sexually abused a student. And that ruling may have insurers taking a closer look at clients to whom they issue employment practices liability insurance. The court issued its [...]
