Employment practices liability insurance protects you against employment related litigation
Legal challenges from employees can be costly to defend, even more so if a lawsuit doesn’t go your way. Chubb’s Elite employment practices liability insurance for financial institutions covers you against legal expenses, including damages, settlements, and defence and claimants’ costs.
Who it’s for:
- Asset management firms and funds
- Global and domestic banks, and other lending institutions including challenger banks
- Building societies
- Non-life insurance companies - Stock brokers
- Clearing houses
What it covers
Employment practices insurance covers your business for these legal costs and actions:
- Damages – including injury to feelings
- Judgements and settlements
- Defence costs and awards
- Claimants’ costs
- Legal representation costs for employment investigations
- Cost of paying wages from date of dismissal to date of judgement if your company is ordered to reinstate or re-engage an employee
- Punitive and exemplary damages where insurable by law
- Acts committed before the start of the policy
We’re employment practices liability specialists – and we care about your business
Whether your business is big or small, takes you around the world or just around town, Chubb is there for you. Our breadth of experience in employment practices liability means we can provide the guidance and service you need, whenever you need it, wherever you may be.
Partnership that’s personal
We work to understand your business and where you’re heading so we can be proactive about meeting your needs. We invest in getting to know you, your team and your customers. The goal: to help you see ahead, be ahead and stay ahead.
Creative problem-solving
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.
Unmatched expertise and financial strength
We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise and financial strength are the bedrock of our business.
