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AIG introduces monoline employment practices policy
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Rough Notes
- Article date:
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April 1, 1997
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Copyright informationCopyright Rough Notes Co., Inc. Apr 1997. Provided by ProQuest LLC. (Hide copyright information)
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National Union Fire Insurance Company, a member of American International Group (AIG), introduced a monoline employment practices liability policy (EPLI) with coverage on a claims-made basis and liability limits up to $50 million. It provides coverage for claims alleging discrimination, sexual harassment or wrongful termination.
If EPLI insureds also hold National Union's directors and officers coverage, the EPLI policy's aggregate limit can be separate or shared with D&O coverage limits. EPLI protects the corporate entity, its subsidiaries, directors, officers and employees. The policy also features provisions for a three-year extended reporting period, coverage of prior acts, ...
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