Public Officials and Employment Practices Liability Insurance

Download Report

Transcript Public Officials and Employment Practices Liability Insurance

Public Officials
and
Employment Practices
Liability Insurance
Presented By:
Arthur J. Gallagher & Co. – Dallas
and
State Office of Risk Management
P.O. Box 13777
300 W. 15th St, 6th Floor
Austin, TX 78701
(512) 936-1573
(512) 370-9037 fax
1
Overview






Who Needs This Coverage
The Risks
The Coverage
Why You Should Purchase This Coverage
Through The State Office Of Risk
Management
How To Obtain A Quote
Contact Information
2
Who Needs this Coverage




State agencies, authorities,
commissions and special boards
Persons who were, are or shall be
lawfully appointed or elected officials
of a state agency
Members of commissions, boards or
other units operating by or under the
jurisdiction of a state agency
Employees of a state agency,
particularly employees responsible for
employment decisions
3
The Risks





Mismanagement or improper
administration of funds, grants or
budgets
Improper zoning approvals or denials
Denial of permits and First
Amendment Constitutional claims.
Violation of employment law,
discriminatory employment practices,
sexual harassment, or failure to hire,
promote or train employees
Professional acts of employed
accountants or attorneys can be
added by endorsement
4
The Coverage







Covers claims brought against the entity, its employees and
volunteers for alleged or actual breach of duty, neglect, error,
misstatement, omission or Employment Practices Violation
Defense costs paid in addition to the limits of liability for
persons not entitled to defense from the Office of the
Attorney General
Covers claims alleging errors or omissions covered by the
policy even if the allegations are proven groundless
Covers insured’s board service for outside entities if acting on
behalf of a state agency
Eleven defined Employment Practices Violation coverages,
including retaliation
Full Prior Acts coverage is available
Covers original claims made by insureds against other
insureds
5
Why Should You Purchase This
Coverage Through The State
Office Of Risk Management





A 10% discount is given across the board on premiums due to a
group purchasing plan
Coverage is purchased through AIG with A.M. Best rating of A+XV
and sound financial strength being the largest Insurance Company
in the World
Risk Management Services provided by both the State Office of Risk
Management and Arthur J. Gallagher & Co.
Defense is provided by the Office of the Attorney General
Renewal reminders provided by the State Office of Risk
Management
6
How To Obtain A Quote





Complete the attached AIG MuniPro
application.
Provide a copy of Annual Financial Report.
Provide a copy of Employee Handbook.
Provide loss information for the past 5
years.
Submit all above items to Sally Becker at
the State Office of Risk Management for a
quote.
7
Contact Information
Sally Becker
Risk Management Specialist
State Office of Risk Management
P.O. Box 13777
300 W. 15th St, 6th Floor
Austin, TX 78701
(512) 936-1573
(512) 370-9037 fax
E-mail: [email protected]
8