Commercial Crime or EPLI
Why Buy Great American Crime Insurance?
Great American’s Fidelity/Crime Division has been providing mono-line crime coverage in the United States and internationally since 1995. We offer $50 million in capacity for Mercantile, Financial Institution, Governmental, Armored Car/Valuables and Specialized Products. We also offer $65 million in capacity for out Kidnap, Ransom & Extortion coverage.
We can tailor coverages to meet the specific needs of our clients. Our most experienced Claims and Underwriting staff average over 30 years in their respective fields. This experience, combined with our specialized products, has contributed to our consistent growth within the marketplace.
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Targeted Classes of Business
- General Commercial Business
- Retail, Technology, Hospitality, Healthcare, etc.
- Governmental Entities
- Municipalities, School Boards, Public Utilities, etc.
- Financial Institutions
- Finance Companies, Mortgage Bankers, Broker/Dealers, Banks, Insurance Companies, and Investment Company Bonds
- Specialized Classes of Business
- Gaming, Check Cashiers, Security Guards, and Kidnap, Ransom & Extortion
- Fidelity Crime Specie International
- Armored Car, Mining, Valuable Metals, and High Value Cargo
Coverage Highlights include
- Employee Dishonesty
- Forgery or Alteration
- Inside the Premises
- Outside the Premises
- Computer Fraud
- Money Orders & Counterfeit Currency
- Clients’ Property Coverage
- Funds Transfer Fraud
- Fiduciary Dishonesty ERISA Coverage
Coverage Enhancements available
- Credit, Debit or Charge Card Forgery
- 90 Day Notice of Cancellation
- Definition of Employee to include:
- Non-Compensated Officers
- Directors or Trustees on Committees
- Volunteer Workers other than Fund Solicitors
- Retired Employees Retained as Consultants
Additional Endorsements are also available forconsideration upon request.
Employment Practices Liability (EPL)
As an employer, you must follow various laws and obligations regarding how you treat your workforce. However, even if you prioritize complying with these requirements and commit to fair and ethical treatment of your employees, mistakes may still occur and lead to significant accusations. Given the potentially catastrophic consequences of an employment practices liability lawsuit, appropriate insurance is necessary.
What Is Employment Practices Liability Insurance?
Employment practices liability insurance (EPLI) is a type of coverage that can provide financial assistance in response to your organization being sued by current, former or prospective employees for alleged improper workplace functions. If such accusations arise, an adequate EPLI policy can make all the difference in ensuring your company is equipped with the funds and resources needed to manage the situation and limit its out-of-pocket losses.
EPLI insurance can provide a critical financial safety net for many allegations of inappropriate or illegal workplace behavior. While the exact details of your EPLI policy may vary, the following accusations are generally covered:
Why Do I Need Employment Practices Liability Insurance?
Employment practices liability coverage is an essential part of loss control measures for any organization that employs workers. Miscommunications, errors in judgment and remarks taken out of context can all lead to costly lawsuits regardless of intent, and even the most diligent and responsible employers may eventually face such accusations. Even false allegations of which you are ultimately absolved can incur significant legal expenses and lacking the resources to fund your defense could be devastating.
At U.S. E&O Brokers, we have over 30 years of experience working with employers in the Houston, Texas, area to help them analyze and address their insurance needs. Contact us today to learn more or to get a personalized EPLI insurance quote.
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