GB Specialty’s Employment Practices Liability (EPL) team can reduce your exposure and help prevent the next claim from happening.
GB Specialty is a division of Gallagher Bassett, the global leader in risk and claims management services.
The last few years have brought a lot of change for employers.
Businesses in every industry have seen an uptick in the frequency and severity of employment claims. Some recent trends that have brought about this rise in claims are attributed to employees working from home and returning to the office, talent gaps and staffing shortages, and wage and hour tracking.
The following are the most common employment practices liability exposures:
Increased exposure to financial and reputational damages
Climbing defense costs
Ever-increasing allocation of internal resources to resolve disputes
We actively work with you to navigate your EPL insurance coverage, ensure you are getting the full benefit of the policy for your claims, assist with settlement negotiations, and orchestrate resolutions at or below targeted goals.
An emphasis on collaboration and trust enhances our business relationships and has proven invaluable in evaluating risk and indemnity and reducing claims costs. We have lowered defense costs by up to 45% via establishing negotiated rates with defense counsel and resolving matters without the need for outside counsel.
And our team of experienced EPL claims professionals can expertly manage your claims in all jurisdictions.*
We have handled more than 15,000 EPL claims for a wide variety of public and private entities. Examples of insureds include healthcare facilities, retail establishments, law firms, staffing companies, and car dealerships.
GB Specialty’s team handles claims expediently and efficiently, taking each stakeholder’s specific needs and requirements into account. We proactively keep you informed regarding the status of each case and provide timely responses, ensuring you feel confident your claims are in good hands.
*Except Puerto Rico.
GB’s EPL team assisted with early settlement efforts for an arbitration demand by a former physician against a fellow MD and the client hospital. The demand alleged gender discrimination, harassment, retaliation and wrongful termination.
Potential verdict value:
$665K - $1.35M
Through an early evaluation of risk and identification of settlement opportunities, the GB EPL team was instrumental in settling an alleged disability and age discrimination, harassment and retaliation claim pre-litigation.
Estimated settlement range:
$50 - 60K
A Wage and Hour class action lawsuit with exposure in excess of $125 million had been in litigation for three years prior to the implementation of our EPL program. The GB EPL team was instrumental in obtaining a defense budget, damages analysis and assisted with settlement negotiations at mediation.
Estimated settlement range:
$2.5 - 6M
No other third-party administrator has a dedicated team of claims professionals with specialized expertise in managing EPL matters.