New! BISYS 5Star Employment Practices Liability Insurance (EPLI) Program From Lloyds of London
BISYS EPLI is 10 years old – and now, better than ever!
The new BISYS 5Star EPLI Program is backed by our ten years experience underwriting this coverage and now the additional strength of our new carrier, Lloyds of London. Lloyds is an “A Excellent” rated insurance provider with an unmatched 300 year history. And, now that we’re 10, we’ve changed our name to BISYS 5Star EPLX. See Program Highlights, below for improvements to the program. If you have existing policies in force, please read this
The BISYS EPLI Program provides standalone, duty to defend coverage for employment related claims such as harassment, discrimination, and wrongful termination. Designed for most classes of small to mid-sized accounts and we specialize in hospitality and franchise business. The BISYS EPLI Program provides the stability of one of the largest and most financially sound insurance companies in the world, while offering personal service and exceptional claims handling available from a smaller provider.
Eligible Classes*
Most Classes Eligible, preferred classes listed below
- Contractors
- Employee Leasing and Temporary Help
- Franchise Operations
- Manufacturing/Wholesale
- Medical Groups (including nursing homes)
- Law Firms
- PEO's
- Restaurants/Hotels
- Transportation Related Business
|
Program Highlights
- A XV - Excellent Rated Carrier
- Broad Policy Form - Few Excluded Business Classes
- Wage and Hour now available for many classes
- Pure Claims Made Policy – formerly claims made and reported
- Better Rates
- Exceptional Claims Handling
- Full Prior Acts Coverage - Even for First Time Buyers
- Optional Third Party and Punitive Damages Coverage – Now, Lower AP’s
- 5Star Helpline™ (5Star Helpline is a complimentary specialized loss prevention service which includes live attorney advice, HR alerts, web resources, and more.)
|
Program Parameters
- Firms with up to 1,000 Full Time Equivalent Employees (can refer for larger)
- Specializing in firms with 10-250 Employees with limits of $500k - $2mm
- Limits: $500,000 to $5mm
- Retentions/Deductibles as low as $2,500
- $1,500 Minimum Premium – Lower for Franchise or Associations
|
Ineligible Classes*
- Casinos
- Churches
- Government Entities/Municipalities, Social Services
- Schools/Colleges
- TV/Media, Entertainment
|
*Including but not limited to those listed
|
|
|