Employment Practices Liability Insurance (EPLI)
EPLI is designed to cover you when employees file lawsuits related to:
- Wrongful discipline
- Wrongful termination
EPLI reimburses you for legal costs, judgements, and settlements up to policy limits, but it doesn’t cover punitive damages, civil fines, or criminal fines.
Equipment Breakdown Coverage
Equipment failure doesn’t have to bring your business to a screeching halt. Equipment Breakdown Coverage is designed to get you back up to speed when essential systems break down.
Inland Marine Package Endorsement (IMPAC)
Pekin Insurance offers IMPAC specifically for contractors, and it includes the following coverage enhancements:
- Tools and equipment owned or long-term leased on an unscheduled basis
- Tools and equipment leased or rented on a short-term basis
- Rental reimbursement
- Installation coverage
- Electronic data and media
- Electronic data processing
- Valuable papers and records coverage
- Accounts receivable coverage
Contractors Errors and Omissions
This policy provides coverage for any faulty work or defective products that are a result of a negligent act, error, or omission on your part or from a defect in material or a product sold or installed by you while acting in a business capacity.
Employee Benefits Liability
Employee Benefits Administration Liability Errors and Omissions Coverage provides legal liability protection for damages sustained by the insured caused by a negligent act, error or omission in the administration of the insured’s Employee Benefit Programs.
Business interruption insurance helps replace revenue and cover extra expenses caused by perils like theft, fire, wind, or lightning.
Employee dishonesty coverage helps protect your business against employee theft of property, money, or securities.
Data Compromise Coverage
Data compromise coverage helps cover your business for expenses related to a data breach, such as legal fees and credit monitoring services for affected customers.
Business Property in Transit
In most cases, your policies provide coverage for property in fixed locations. Business property in transit covers loss or damages you experience while moving your goods or property from one place to another.
These enhancements are designed to boost your coverage at an affordable price. Don’t miss out!
Contact your local, licensed Pekin Insurance agent to get the most protection for your business.