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- Title
EPLI Squeeze Higher Costs, Lesser Coverage.
- Authors
Morris, Barbara A.
- Abstract
This article reports that like many insurance markets, the employment practices liability insurance (EPLI) marketplace is getting tougher. The author notes that companies are seeing increasing rates and retentions, declining availability of limits and lighter policy terms and conditions, all of which take a bite out of profits. The author reports that this is significant because EPLI has evolved, in a short amount of time, from a relatively unknown product to an essential component of a company's insurance portfolio, reflecting the growing impact of employment practices litigation on corporate America's bottom line. INSET: Factors Causing EPLI Scarcity.
- Subjects
UNITED States; LIABILITY insurance; EMPLOYERS' liability; EMPLOYMENT practices; LABOR costs; LEGAL liability; INSURANCE rates; CORPORATE profits; LABOR laws; RISK management in business; RISK exposure; ECONOMICS; MANAGEMENT; RATES
- Publication
Financial Executive, 2003, Vol 19, Issue 5, p24
- ISSN
0895-4186
- Publication type
Article