BOSTON--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has expanded its Executive First policy suite in Canada with the launch of its new Employment Practices Liability Policy.
“Our EPL policy provides Canadian companies with a simple, clearly written solution for complex risks,” said Michael Densham, Head of Executive & Professional Lines, BHSI in Canada. “It’s backed by BHSI’s underwriting experience and dedicated local claims expertise led by Paul Emerson, our Head of Liability Claims in Canada.”
The policy is designed to protect companies from the full range of employment practices claims, including wrongful termination, harassment, discrimination, retaliation and failure to employ or promote. There is also a solution available by endorsement for “pay in lieu of notice” damages.
The policy clearly articulates coverage for the latest exposures employers face, including those arising from genetic information, military status, sexual orientation or preference, and improper internet activity. Coverage extends to sexual or workplace harassment of any kind and to allegations by employees, as well as third parties, such as customers. Limits of up to $25 million are available.
The EPL policy is the newest addition to BHSI Canada’s Executive First suite of products, all of which provide clear, current and customizable executive liability coverage for commercial and financial firms, including those with the most complex risk-transfer needs. Along with EPLI, the suite includes D&O Liability Insurance, Side A DIC Liability Insurance, and Fiduciary Liability Insurance.
For more information, contact Michael Densham at firstname.lastname@example.org or 647-846-7803, or Rhonda Prussack, Head of Fiduciary and Employment Practices Liability Insurance, at email@example.com or 917-960-2449.
Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, medical stop loss, and homeowners insurance. The actual and final terms of coverage for all product lines may vary. In Canada, it underwrites on the paper of National Liability & Fire Insurance Company, a part of Berkshire Hathaway's National Indemnity group of insurance companies, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor's. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Asheville, Boston, Chicago, Houston, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Auckland, Brisbane, Düsseldorf, Hong Kong, Kuala Lumpur, Macau, Melbourne, Singapore, Sydney and Toronto. For more information, contact firstname.lastname@example.org.