EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated.

The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, some insurers provide this coverage as an endorsement to their Businessowners Policy (BOP). An endorsement changes the terms and conditions of the policy. Other companies offer EPLI as a stand-alone coverage.

EPLI provides protection against many kinds of employee lawsuits, including claims of:

• Sexual harassment
• Discrimination
• Wrongful termination
• Breach of employment contract
• Negligent evaluation
• Failure to employ or promote
• Wrongful discipline
• Deprivation of career opportunity
• Wrongful infliction of emotional distress
• Mismanagement of employee benefit plans

The cost of EPLI coverage depends on your type of business, the number of employees you have and various risk factors such as whether your company has been sued over employment practices in the past. The policies will reimburse your company against the costs of defending a lawsuit in court and for judgments and settlements. The policy covers legal costs, whether your company wins or loses the suit. Policies also typically do not pay for punitive damages or civil or criminal fines. Liabilities covered by other insurance policies such as workers compensation are excluded from EPLI policies.

To prevent employee lawsuits, educate your managers and employees so that you minimize problems in the first place:

• Create effective hiring and screening programs to avoid discrimination in hiring.
• Post corporate policies throughout the workplace and place them in employee handbooks so policies are clear to everyone.
• Show employees what steps to take if they are the object of sexual harassment or discrimination by a supervisor. Make sure supervisors know where the company stands on what behaviors are not permissible.
• Document everything that occurs and the steps your company is taking to prevent and solve employee disputes.

Source:  Insurance Information Institute

Those who rely on you to protect their business interests also trust you to protect their personal information. When sensitive data is exposed, your reputation is on the line.

Offered as an optional coverage either as part of the Spectrum Business Owner's Policy, the General Liability Choice® policy, our Data Privacy -- Network Security Liability Insurance, or as a separate Cyber Choice 2.09, our data breach coverage provides you with access to professionals who can help you comply with regulatory requirements, provide guidance on how to help prevent a data breach and handle a breach crisis if one occurs. Response expense coverage can help to quickly restore confidence in your business or practice through notification to impacted individuals and can help pay for good faith advertising expenses, for example. In most states, coverage is also available for defense and liability expenses in the event you're sued because of a breach.

Peace of Mind Protection

Our coverage can help absorb some of the costs associated with a breach including notification, public relations, legal and liability expenses.

Respond With Confidence

We provide access to professional assistance when a breach crisis occurs — helping you comply with applicable laws and regulations to avoid civil litigation and other penalties.

Be Prepared

You have access to a breach preparedness website for easy-to-understand prevention and response guidelines you and your staff can use every day — not just when you have a claim.

10 Tips to Safeguard Laptop Data

1. When traveling, never transport your laptop in checked luggage. Carry it on with you, and keep an eye on it at airport security.
2. Apply distinctive paint markings to make your laptop unique and easily identifiable.
3. If you step out of a meeting or conference room, take your laptop with you – or it may not be there when you return.
4. Carry your laptop in a non-descript carrying case, briefcase or bag. A case designed for computers is a clear signal to thieves that you are carrying a laptop.
5. Back up your information regularly and keep the information stored in a safe place.
6. Don’t let unaccompanied strangers wander around your workplace. Offer assistance and escort visitors to their destinations.
7. Parking garages are common theft locations. Cover your laptop to hide it from view or place it in the trunk.
8. If leaving your laptop in the office overnight, place it in a locked cabinet or secure it with a cable lock that wraps around a desk or chair leg.
9. Consider purchasing a theft alarm system specifically made for laptops.
10. Avoid automatic log-ins. They may be easier, but if your laptop is ever stolen, your information is all the more vulnerable.

 
Sited from http://www.thehartford.com/data-breach-insurance/

What Does a Businessowners Policy (BOP) Cover? Insurance companies selling business insurance offer policies that combine protection from all major property and liability risks in one package. (They also sell coverages separately.) One package purchased by small and mid-sized businesses is the businessowners policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.

BOPs include: 

1. Property insurance for buildings and contents owned by the company -- there are two different forms, standard and special, which provides more comprehensive coverage.
2. Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
3. Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees.

Source: http://www.iii.org/articles/what-does-a-businessowners-policy-cover.html