Tuesday, February 19, 2013

Employment Practices Liability Insurance - Statistics

Employment Practices Liability Insurance (EPLI):

Still wondering if you should add this coverage to your insurance portfolio?
Has your EPLI premium gone up significantly?

EPLI claims continue to escalate in both frequency and severity - driving up premiums. The attached report here gives some statistics and data points by industry for 2012. This data may help you decide if it's time to get this coverage for your company, or help to explain the increase in premium.

Wage and Hour claims continue to be popular. Most carriers no longer offer coverage for these claims under the EPLI policy. At best, a few carriers are offering coverage on a sublimit basis -typically $150K.
Statistics on Wage and Hour claims can be seen here.

While most insurance carriers offer hotline assistance to clients, know too that as a Wateridge client, you also have access to unlimited telephone consultation from American Consulting Group. ACG can address labor and HR questions, provide HR audits, and assist with IIPP and employee handbook updates.

If you have questions about EPLI coverage or your insurance portfolio and what gaps may exist, call me directly at 858.202.6187 or email me at ccorporales@wateridge.com

What Clients Are Saying About Carol Corporales...

Carol is not only a knowledgeable and accessible insurance professional, she's also personable and easy to work with. Her background in technology allows her to quickly understand what our company does, and to pro-actively solve problems that other brokers couldn't. We view her as a valued member of our team."

Office Administrator, E-Band Communications

See below for more comments about Carol.

Business Resources

  • Banking – call for contacts at several institutions
  • Contract Manufacturing sources – call for contacts
  • Employer Downsizing Assistance – call for contacts
  • Insurance Claim Lawyer – call for contacts
  • International Trade Assistance – call for contact information at the World Trade Center - San Diego
  • Investigation Services
  • IT Services
  • Loss Control Services
  • Nurse Advocate – call for contacts
  • Attorneys
  • Flood/Property Restoration – Call for contacts at J&M Keystone
  • Semiconductors - call for contacts
  • Tax Preparation and Audit
  • Tenant Negotiation Services
  • Safety Materials / Audit / Assistance - call for references

Other Comments About Carol's Work...



"I am always able to contact Carol directly and get a fast response, and she really knows commercial insurance. With Carol it's all about customer service."

Controller - Westerly Mechanical Corporation



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"My experience with Carol is that she goes way beyond the basics. She is thorough, timely and keeps me up to date. Best of all, she has our best interests at heart."


Court Shaw, CFO - Aethercomm, Inc.


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"Carol is not only a knowledgeable and accessible insurance professional, she’s also personable and easy to work with. Her background in technology allows her to quickly understand what our company does, and to pro-actively solve problems that other brokers couldn’t. We view her as a valued member of our team. "


Office Administrator - E-Band Communications


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" Carol's personal service and knowledge always exceed our expectations. She makes sure we are covered but not over-covered."


Director of Finance, REMEC Broadband Wireless