What is Epack?Integrated, Modular Package of Management Liability Insurance Products: • Employment Practices Liability • Directors & Officers Liability • Entity Liability (Purchased along with D&O Liability) • Fiduciary Liability • Miscellaneous Professional Liability/Media Liability • Serves the needs of small to mid-sized Private Companies
What’s Special about Epack? • Flexibility • Purchase one Coverage or any combination of coverages • Purchase shared limits or separate limits and/or retentions • Convenient coverage grid • Package format • The only modular policy with MPL • Broad definitions/State of the art policy language • Backed up by CNA Pro’s claims handling expertise • Admitted in 48 states (Non-Admitted States: Wyoming & Louisiana)
What’s New about Epack? Errors & Omissions/Professional Liability Consists of over 50 Preferred Areas of Practice • Miscellaneous Professional Liability consists of consultants, direct mail companies, collection agents, printers, franchisors. • Media Professional Liability consists of newspapers/magazine publishers, advertising agents, television and radio stations. • Technology/Telecom ranges from integrators, software developers, ISP’s, consultants and computer hardware manufacturers.
Enhancements to Epack • Endorsements • HIPAA • Covers up to $25,000 in civil penalties • Healthcare Coverage Extension • Broadens definition of insured persons to • include trustees, medical directors and volunteers • Broadens definition of loss to include Internal • Revenue Service fines and penalties, Excess • Benefit Penalties, EMTALA, and defense costs • for return of funds received as grant funds
Enhancements to Epack (continued) • Endorsements • Partnership Coverage Extension • Amends Epack to extend coverage to • partnerships • Independent Contractors Extension • Amends definition of Employee to include • independent contractors • Consent to Settle Endorsement • Adds allocation of defense and covered • settlement amounts to 50/50, 70/30, or 80/20
Recent Enhancements to Epack (continued) • Endorsements • Risk Mitigation Incentive • Provides a 50% reduction in Insureds policy • retention, up to $25,000 for Insureds that: • a) demonstrate that they have established written policies or procedures on sexual harassment, discrimination and employee grievances or complaints; and • b) Provide proof that all directors, officers and managers have completed outside training on sexual harassment within the last 18 months prior to filing a claim.
Advantages of using Epack on-line through CNA Central • Get Quick Indication or Quick Quote • Quote, Bind & Issue policies • 48hr turn around on all referred submission • Policy & billing information look-up capabilities for issued policies • Higher Commission
Risk Management Services – HR Hotline • Businesses that purchase Employment Practices Liability Insurance through CNA, receive the benefit of professional risk management consultation, through a Human Resource Hotline, at no additional charge. • Areas that generate the most concern are: • Medical leave issues • Reductions in workforce • Allegations of unfair-treatment or harassment relating to gender discrimination • Employee discipline
Risk Management Services – AGOSNETTM • AGOSNETTM, an interactive web based tool, allows CNA Insureds to develop state of the art employment practices and procedures. A menu of training and best practice tools designed to empower organizations in their efforts to properly manage their workplace and minimize incidents and litigation. • This service is of particular value to Insureds in states such as California, Maine & Connecticut, where state laws require employers to provide a minimum amount of sexual harassment training for their supervisors and managers. • Additional details can be accessed through the Risk Management Services – Employment Practices Liability section of www.cnapro.com