Employment Practices Liability Endorsement

An Employment Practices Liability endorsement added to your Professional Liability policy helps provide a defense and pay for expenses related to claims alleging a wrongful employment practice.

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Request an Estimate

1.800.221.3023

Employment Practices Liability Endorsement

An Employment Practices Liability endorsement added to your Professional Liability policy helps provide a defense and pay for expenses related to claims alleging a wrongful employment practice.

Get a Quote

Request an Estimate

1.800.221.3023

What is an Employment Practices Liability Endorsement?

Adding an Employment Practices Liability endorsement to your AICPA Professional Liability policy can help provide a defense and pay for claim expenses and damages in relation to a claim brought against the firm by a partner or employee for an alleged wrongful employment practice. With many federal, state and local employment laws protecting applicants and employees, employment-related claims against businesses are on the rise. Defending against these claims can be expensive, distracting and financially devastating for your CPA firm, even if the claim is without merit.

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Why CPAs select it?

When it comes to hiring and managing staff, CPA firms are exposed to risk of employment practices liability (EPL) claims brought by the firms’ partners, employees and/or applicants. Gender discrimination. Sexual harassment. Pay equity. Wrongful termination. Failure to make partner. These are just a few of the lawsuits that may be filed against CPA firms by their employees. EPL lawsuits are expensive, distracting, and can quickly erode the morale and productivity of your firm.

41.5%

of employee lawsuits are brought against private companies with less than 100 employees¹

What it covers

Wrongful Employment Practices: Wrongful Employment Practices include: Discrimination, Defamation, Failure to Advance to Partner Status, Misrepresentation, Sexual Harassment, False Imprisonment, Other Unlawful Harassment, Invasion of Privacy, Wrongful Termination, Breach of Employment Agreement, Emotional Distress, Hostile Work Environment, Family & Medical Leave Act (FMLA) Violations, Wrongful Discipline, Retaliation for Whistle Blower Activity, Negligent Evaluation or Training, and Demotion
Deductibles range from $1,000 to $100,000
Limits and deductibles are separate from and do not reduce the Professional Liability policy limits and deductibles
Deductible reduction of 25% for eligible wrongful termination claims provided the insured consulted with and followed the recommendations of assigned labor or employment law counsel prior to the actual termination of an employee.

What it costs

The cost of an employment practices liability endorsement for your CPA firm is dependent on your coverage selections. Whether large or small, we’re committed to helping you achieve your goals and protect your future. To obtain more information about how your CPA firm can benefit from an employment practices liability endorsement, request an estimate.

Why CPAs choose an Employment Practices liability endorsement to their Premier Plan coverage

In the past 20 years, employee lawsuits have increased approximately 400%.¹
The coverage is endorsed by the AICPA and overseen by a Committee of CPAs in public accounting.
Competitive and flexible rates based upon your firm’s needs.

About the Underwriter

CNA is one of the largest U.S. Commercial Property and Casualty insurance companies. CNA provides a broad range of standard and specialized Property and Casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by more than 120 years of experience.

I’m not a policyholder. How can I purchase an employment practices liability endorsement for my CPA firm?

The EPL endorsement is currently available exclusively to Premier Professional Liability policyholders. If you wish to purchase a standalone Employment Practices Liability Policy, CPA EmployerGard may be for you. We are here to help safeguard your livelihood and empower your future by helping you to limit exposure to your firm. If you wish to discuss a Premier Professional Liability policy for your firm, please contact a Risk Advisor at (800) 221-3023 from 8:30 AM to 6 PM Eastern Mon-Fri or fill out the Premier Estimate form

I trust my partners and employees; why should I choose this endorsement?

Consider these recent statistics:

41.5% of employee lawsuits are brought against private companies with less than 100 employees¹
The cost of settling out of court averages $75,000 per case¹
Fueled in part by the global #MeToo movement, in 2018, the Equal Employment Opportunity Commission (EEOC) Experienced a 50% increase in filings of sexual harassment lawsuits²
Irrespective of the size of your firm, as an employer, you can benefit by adding Employment Practices Liability coverage to your firm’s Professional Liability policy.

Who can bring employment practices liability claims against me or my CPA firm?

Employment practices liability claims can be brought against you or your CPA firm by employees past, present, or future. They may also be brought against your CPA firm by your partners, full-time or part-time employees; seasonal or temporary workers, volunteers, interns, or independent contractors. An Employment Practices Liability Endorsement to your AICPA Professional Liability policy offers coverage to help manage your firm’s risk. Learn more

One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA” is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporations subsidiaries use the “CNA” service mark in connection with insurance underwriting and claims activities. Copyright © 2020 CNA. All rights reserved.

1. Trustedchoice.com
2. www.kdvlaw.com