Demand has been rising for employment practices liability insurance protection as layoff activity has sparked increased employee claims, an insurance brokerage expert warned.
Speakers during a recent Marsh webinar said that in 2008, the Equal Employment Opportunities Commission reported discrimination claims up 15 percent compared to 2007, with a growing number of laid-off workers filing suit under a variety of federal and state laws.
“During these financial hard times, one trend in coverage is an increase in the purchase of EPLI coverage,” said Brian Elowe, managing director of Marsh's global risk management division, based in Boston, who moderated the webinar on “Hot Topics in Employment Practices Liability.”
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