Employment practices liability mkt. developing. (Product Trends Review)

National Underwriter Property & Casualty-Risk & Benefits Management, January, 1995 by Gilbert, Evelyn

While number of employment practices lawsuits has greatly increased over the last few years, and along with it interest in employment practices liability insurance, it will be some time before the coverage becomes "a standard buy," several industry sources contend. "I wouldn't be suprised if it involved into a standard product purchased, but I don't see it happening overnight," said Karen P.

Gordon, an associate director and legal liaison with New York-based broker Sedwick Global. "Companies have a wait-and-see attitude." Many companies, she added, are assessing how each is impacted by employments suits, how other claims are handled by the courts and how policy pricing and terms evolve before they buy coverage. The number of employment practices-related suits and...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.