INSURANCE
COVERAGE OF EMPLOYMENT CLAIMS: A
GROWING TREND
Most business owners have insurance against
fire, theft, floods and other calamities. But
what about insurance against employment claims?
If an employee files suit alleging claims such as sexual harassment, age
discrimination, wrongful termination, and defamation, can the employer turn to
its insurer to pay the costs of defending the claim?
Too often, the answer is “no.” Indeed,
more and more business policies expressly exclude employment-related claims.
This presents a genuine dilemma for business owners, because even a
meritless claim can be very costly to defend.
For this reason, more and more employers are
seriously considering Employment Practices Liability Insurance
(EPLI). Should your business
purchase EPLI? The answer depends on
many factors. No two businesses are
alike. In making that decision,
though, the first step is to understand what EPLI is and what protections it
offers if and when you are faced with an employment claim.
Insurers began offering EPLI coverage in the
early 1990’s. There are now about
50 insurers (including, for example, Chubb, Reliance, Lexington, and Fireman’s
Fund) trying to carve a niche in this market.
As a result, the cost of coverage has dropped.
While policy language has become more standardized, there are still key
differences among the coverages being offered.
This means that you (or your broker) should shop carefully for the
product that provides you the best coverage at the best price.
Most EPLI insurers offer “claims-made”
coverage. Under these policies,
coverage is triggered by when the lawsuit is filed, not when the alleged
wrongful employment action occurred. As
such, if you were to purchase a policy covering the 1999 policy period, coverage
would be limited to lawsuits filed in 1999.
The year in which the alleged misconduct occurred would not matter.
Most EPLI policies include defense costs
within the limit of liability. This
is an important consideration. Suppose,
for example, that the limit is $100,000 per claim.
If a former employee files an age discrimination claim, and you incur
$80,000 in defense costs, the insurer will only pay another $20,000 to settle
the case or pay a judgment. After
that, you are on your own.
Among the types of claims typically covered
under an EPLI policy are sexual harassment, discrimination, wrongful
termination, adverse employment actions in violation of whistle blower statutes,
personal injury claims (such as false arrest, libel, slander or other
defamation, invasion of privacy, and assault or battery) and negligent hiring,
supervision, promotion or retention.
EPLI policies often expressly exclude
criminal, fraudulent and intentional wrongdoing.
Indeed, as a matter of public policy, most states forbid an insurer to
insure against such misconduct. This
is significant, because many employment claims, especially discrimination
claims, involve allegations of intentional misconduct.
Therefore, if a jury were to conclude that your business intentionally
discriminated against a former employee, your EPLI policy would not indemnify
you for the loss. The good news is
that EPLI policies often pay defense costs until a jury makes that finding and
sometimes during any appeal as well. In
employment cases, defense costs can often exceed a plaintiff’s actual damages.
Therefore, this duty to defend can be worth its weight in gold.
Other major exclusions and limitations in EPLI
policies include retaliation claims, bodily injury, property damage, fines,
punitive damages, equitable relief, ERISA, COBRA & WARN Act claims, strikes
& lockouts, workers’ compensation laws, and contractual liabilities.
“Prior acts” (i.e., acts that occurred before the policy period but
where the claim was made during the policy period) are typically covered so long
as the policyholder did not have prior knowledge of the alleged wrongful acts.
In other words, just as you cannot buy fire insurance for your barn while
you watch it burn to the ground, you also cannot insure against a “known”
employment loss.
In purchasing EPLI coverage, you also need to
consider how much control you will retain over the defense of a claim where the
insurer has accepted coverage. Can
you select your own defense counsel? If you have counsel you trust who knows
your employment practices, you may not want the insurer to appoint counsel for
you. In addition, you need to
consider how much control you will have if the claim is settled.
The insurer’s and employer’s interests do not always coincide in this
regard, because while settlement may make financial sense, an employer may have
personal or professional reasons not to want to settle.
Is EPLI coverage for you? Again, it depends. EPLI policies are not a panacea but do provide businesses with some level of protection in the increasingly complex employment arena. Ultimately, of course, whether or not you have EPLI coverage, the best “insurance” is to have sound policies and practices in place, educate yourself about employment issues and consult with employment counsel early and often when potential issues do arise. As always, an ounce of prevention is worth a pound of cure.