Employment Practices Liability

Employment Practices Liability coverage protects against Losses arising from Wrongful Employment Acts.

Key Definitions
Losses covered include judgments, settlements, defense costs, and punitive damages (where insurable by law).

Wrongful Employment Acts are defined as any actual or alleged wrongful termination, discrimination, sexual harassment or certain other violations of statutory or common law relating to employment.

Key Coverage Provisions
Coverage is provided on a “Duty to Defend” basis, whereby Progressive defends all covered claims. This is beneficial to the insured because: 1) Progressive defends all covered claims regardless of whether the claim is groundless, false or fraudulent; 2) there is no allocation of defense costs between covered and uncovered allegations; and 3) the insured maintains the right to consent to Progressive’s choice of defense counsel.

Optional Third Party Harassment Coverage
The Third Party Harassment Endorsement protects the bank by providing coverage for allegations of harassment made by customers, vendors, clients or other non-employees.

Availability
Coverage is available as a sublimit to the D&O Policy or as a separate limit of liability.

A separate limit is recommended to preserve the D&O limit of liability.