Get EPL, D&O, and E&O
Risk Management Right
Get Covered! There is a growing market of more than 16 Billion dollars of annual Diversity & Inclusion activity globally. It's a market of reactionary spending, based on crisis management. We've designed fixed indemnity insurance policies to help quantify the risks from a lack of inclusion across your entire organization, not just HR. Get ahead of the next crisis, with InclusionScore and manage the risk of your EPLI or D&O policy doubling in premium. This isn't your 20th Century D&I. It's ≥
95% of the time when a company has an EPLI claim, it is related to a Diversity & Inclusion issue. The two greatest types are Retaliation and Discrimination.
After the EPLI claim, the policy's premium doubles in the next cycle. Help your agent help you and show them that your company can manage its D&I risk before it's too risky.
"We continued to see premium and retention increases for Employment Practices Liability (EPL) insurance in the range of 10% to 25%” - Emily Loupee, area SVP for Gallagher
Directors & Officers
The D&I police are now regulating grievances with corporate boards of publically traded companies which directly affects their D&O policies. Also, complaints from executives about being retaliated or discriminated has risen 10% year-on-year.
President Biden announced that he will require American public companies to disclose the racial and gender composition of their boards
In 2022 that with less than a year left 37% of FTSE 100 companies had still not met the board disclosure regulation of the 2018 UK Corporate Governance Code
Errors & Ommissions
Did you know that failing to comply with the Americans with Disabilities Act (ADA) is a trigger for an E&O Insurance Policy. Think beyond rounding curbs on new construction projects for the Disabled Community, but also failing to follow guidelines for the seeing or hearing impaired population within the Disabled Community is a risk in 2022.
Brokers are anticipating that professional firms with turnovers of £50-100 million will be confronted with premiums increasing by 40% minimum.
Diversity is a reality.
Equity is a choice.
Inclusion is an act.
Belonging is a result.