Growing businesses and established firms all need to carry sufficient insurance coverage. For companies in any industry today, employment practices coverage provides important protection against lawsuits. DESIGNPRO Insurance Group works with A&E firms of all sizes to provide industry-specific coverage for employment-related issues.

What Is EPLI

Everyone makes mistakes, and we all face misunderstandings in the workplace. Unfortunately, at your design firm, an error in judgement or a misunderstanding can end up costing you a lot in legal fees. With an EPLI policy from DESIGNPRO Insurance Group, you can offset much of the expense related to:

• Claims concerning mismanagement of employee benefits
• Discrimination lawsuits
• Wrongful termination claims
• Class-action suits brought by disgruntled employees
• Lawsuits concerning breach of employment contract
• Lawsuits regarding failure to employ or promote
• Negligent evaluation issues
• Hostile work environment claims

What DESIGNPRO Insurance Group Provides

At DESIGNPRO Insurance Group, we don’t simply write and sell insurance policies. We also work to help our clients reduce risk through education and preventative measures. The best insurance policy is one you don’t have to use, and when it comes to EPLI, prevention education can also reduce your premiums. Fewer claims against your firm keeps everyone happy—your employees, you, and your insurer.

What EPLI Package Is Right for You

Several things influence your firm’s EPLI needs. DESIGNPRO Insurance Group works with corporate clients to provide customizable EPLI packages based on specific company needs. We offer a variety of limit and deductible options as well as coverage tailored to fit small, medium and large A&E firms. Our education and prevention packages can include

• Sexual harassment awareness education
• Diversity training and education

With the right EPLI coverage, you can protect yourself as an employer as well as your firm and your employees. Contact DESIGNPRO Insurance Group today to learn more.

Directors and Officers Insurance for A&E Firms

Many of the design firms covered by DESIGNPRO Insurance Group maintain directors and officers coverage (D&O) in addition to general liability coverage and other business insurance. D&O policies insure the company against damages caused by the actions of executive officers and board members.

The Importance of D&O Coverage

Directors and officers insurance is essential for publicly traded companies, non-profit organizations and any firm or contractor with a corporate board or advisory committee. The protection is so important that many stockholders demand that the companies in which they invest maintain a D&O policy. Additionally, design and engineering firms without director and officer coverage can have difficulty getting individuals to serve as board members.

D&O Coverage Details

D&O insurance helps offset the cost of wrongdoing by a board member or executive officer. Without this coverage, your firm could be held responsible for damages resulting from the actions of a current or former board member or officer. D&O coverage focuses on the actions and statements of executives and other leaders in an organization. While errors and omissions policies cover mistakes and negligence on the part of a skilled or licensed professional, directors and officers policies can protect a company if an executive is involved in criminal activities, makes a misstatement to the press or engages in other harmful endeavors.

In addition to protecting the insured contractors and firms, D&O insurance also provides personal protection for executives and board members acting on behalf of the company. Businesses without D&O insurance may require board members and executives to maintain personal liability coverage.

The risk managers at DESIGNPRO Insurance Group help firms and contractors find the right coverage for their needs. If you have questions about directors and officers insurance or our other commercial products, contact us today. Our agents will be happy to explain this type of policy in greater detail as well as review your current policy to make sure firm is properly protected.

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