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Member, Beacon International Group, Ltd.
XL Catlin’s Hamilton, Bermuda-based professional lines team said Tuesday it has launched a policy that combines employment practices liability and wage and hour coverage.
According to XL Catlin, the policy was created to address recent lawsuits against employers that combine allegations of both employment practices liability wrongdoing and wage and hour violations.
The policy offers full employment practices liability coverage, which includes discrimination, harassment, common law violations, wrongful termination and treatment and available third-party discrimination coverage. The policy also offers full wage and hour coverage, covering statutory wage claim, statutory damages, earned wages liquidated damages, attorneys’ fees and punitive damages, XL Catlin said in a statement.
In addition, the policy offers coverage for claims by employees, independent contractors and the U.S. government, including the Equal Employment Opportunity Commission, the Department of Labor and the Department of Justice, according to the statement.
“The new blended policy also fills any gaps in piecing together separate policies and offers peace of mind that hybrid claims involving both EPL and Wage & Hour liabilities will be addressed in one comprehensive policy,” Matthew Irvine, XL Catlin’s Bermuda professional lines chief underwriting officer, said in a statement.