No conversation about the Employment Practices Liability Insurance (EPLI) market is complete without the mention of wage-and-hour claims, notes David Derigiotis, director of professional lines for the specialty-risk division at Burns & Wilcox.
Independent hotels, restaurants and auto dealers are particularly susceptible to such claims due to high turnover and the typical lack of a structured human-resources department at these operations, Derigiotis adds.
But while the need for such coverage is enormous, the challenge for buyers and the brokers and agents who represent them is that it is very hard to come by: Most carriers simply won't offer a policy that covers these types of claims.
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