Employment Practices Insurance, Employment Practices Liability Insurance

Employment Practices Insurance

Full protection on the job

As the labour force decreases in size and becomes more highly educated and acutely aware of its rights, it is likely to be far more litigious. Employees are more comfortable with taking legal action to protect their job and career security, resulting in a steady increase in employer-related claims.

Employment practices insurance can help recruitment and employment firms reduce the business stress and cost exposure associated with such claims. The growing number of employee claims against employment firms, their directors and officers includes:

• Wrongful termination, dismissal or discharge of employment
• Breach of employment contract
• Discrimination & workplace harassment
• Sexual harassment
• Employment-related defamation.

• Include claims costs including damages, judgements, settlements, interests, costs, defence costs and any back-pay where reinstatement is ordered by a court
• Exclude payments you are required to pay pursuant to an obligation, whether under contract of employment, statute, award or otherwise.

Your employment risk experts

Insurance House works with some of Australia’s largest recruitment firms, boutique employment providers and individual human resource consultants. We don’t source from different insurers like other providers – we make sure all your insurances are with the one underwriter so there are no ‘cracks in the covers’.

This is a huge advantage and it makes our product the best available in Australia. What’s more, our sister company and underwriter, ProRisk, is widely recognised as having the best, broadest and most economically priced premiums anywhere in Australia.

Instant access to IH Business Assist

Our employment practices liability insurance plan gives you guaranteed access to our free support service, IH Business Assist. This means:

• Comprehensive financial analysis assistance
• Risk assessment service involving a formal review process
• A fully-qualified Account Manager and Support Team offering dedicated individual service
• A variety of other support services including claims analysis and consulting, valuations, access to our online knowledge bank and subscription to our quarterly newsletter.