Overview
Privately held companies of all sizes can be the target of
litigation for claims ranging from employment allegations to fraud
and misrepresentation. Our private company liability policy
has been carefully designed to meet these risks, safeguarding
companies’ assets and their owners, directors, officers and
employees.
Benefits of our service include:
- Employment Law Experts. Beazley’s employment practices
liability team has a level of expertise unparalleled in the
industry. With an average of more than 15 years experience, we
have unique insights that allow us to tailor our coverage to meet
the changing demands of today’s workplace.
- Superior claims service. We have dedicated employment
claims personnel on staff who work with top employment lawyers
across the country to quickly and efficiently resolve claims.
At Beazley we are committed to a lasting
partnership with our clients and, wherever possible, to helping
them prevent claims from ever arising. BeazleySource, our online risk
management platform, offers policyholders comprehensive risk
management including sexual harassment training, wage and hour
tutorials and model policies and procedures in English and Spanish.
It also has information to help reduce the risk of claims against
the company’s directors and officers, including ethics
training.
Details
Our private company liability policy is a
combined directors & officers and employment practices
liability policy for privately held companies. We offer many
benefits that are distinct to the marketplace.
Coverage features include:
- Privacy violation coverage
- Employment event coverage
- Choice of ‘duty to defend’ or ‘pay on
behalf’
- Employed lawyers errors & omissions
extension available
- Dedicated supplemental limit for insured
persons
- Non-profit outside directors liability
- Private placement coverage
- Coverage for criminal investigations and
proceedings
- Coverage for derivative demands (costs of
investigation)
We will pay these losses
Subject to the terms and conditions of the actual policy we will
pay claims for:
- Discrimination
- Harassment – both sexual and non
- Retaliation
- Wrongful termination
- Violation of the FMLA
- Third party claims (if purchased)
- Employment event
- Invasion of privacy
Limits available
Limits available up to US $10,000,000
Target market
- US employers with up to 10,000 employees
- Manufacturers, service, retail, hospitality, law firms, PEO and
staffing firms
Key territories
US
Not all coverages or products described on
this website are available in all US jurisdictions. Some products
are available on an admitted basis in some but not all US
jurisdictions from Beazley’s US insurance company subsidiary, while
other products and coverages may be available in the US only on a
surplus lines basis through licensed surplus lines brokers doing
business with Beazley’s Lloyd’s of London syndicates.
The descriptions contained in these pages
are for preliminary informational purposes only. Coverages will
vary depending on individual state law requirements and may be
unavailable in some states. The exact coverage afforded by the
products described on this website is subject to and governed by
the terms and conditions of each policy issued. The
publication and delivery of the information contained herein is not
intended as a solicitation for the purchase of insurance on any US
risk.