Employment Practices Liability Insurance

Employment Practices Liability Insurance

Employ yourself some protection…

Employment tribunals are expensive – and on the up, following the recent abolition of tribunal fees (see below). Given the plethora of no-win/no-fee solicitors, the cost to the employee is virtually nil. Whereas for the employer, costs are incurred from the outset – as well as a vast amount of management time.

Employment Practice Liability Insurance (EPL) can help with both the costs of defending an action and of compensation. 

Employment Practice Liability Insurance protects against allegations of:

  • Wrongful/unfair dismissal
  • Harassment & discrimination
  • Negligent evaluation
  • Whistle-blower retaliation
  • Wrongful deprivation of career opportunity
  • Breach of an oral or written employment contract

Cover includes:

  • Costs of your legal defence
  • Compensation costs
  • Valuable support services such as 24-hour telephone access to employment law specialists
  • Regular updates on legislation and regulation
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“La Playa has an excellent understanding of the orchestral business and operates as a business partner, not just an insurance service. I wouldn't hesitate to recommend them, a great team.”

Britten Sinfonia

 

Case Study

Quick Background on Employment Practices Liability

What were the tribunal fees for?

In 2013, the government introduced employment tribunal fees. These were intended to reduce the number of spurious or malevolent claims, following a rise in such cases which were harming businesses.

Tribunal fees reduced the number of cases brought against employers by almost 80% in three years.

What's changed?

This summer  the Supreme Court ruled these fees to be unlawful, arguing that they impeded fair access to justice. The fees have been scrapped, and the government is having to repay £32m to claimants.

How does this affect my arts organisation?

We expect the number of cases brought against employers to rise substantially - and possibly exceed the pre-2013 levels - as a result of the ruling.

This means employers are facing substantial increases in legal and compensation costs for such cases.

How do I stay protected?

If you don't yet have cover in place, talk to us and we can arrange this for you. It's usually an extension to your Directors' and Officers' liability insurance - or if you're a registered charity, Trustee Liability Insurance.

If you already have EPL (Employment Practices Liability) insurance in place, then now is the time to review the limits on your policy, and ensure you have sufficient provision for legal and compensation costs.

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

Monthly Payments
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About La Playa Arts & Entertainment

Specialist & Independent

Specialist & Independent

The arts present a very specific set of risk exposures – and now your digital and online risks can expose you globally. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation.

Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk. The show must always go on - insurance isn’t just about processing a claim, it’s about thinking laterally to solve challenges and problems fast.

At La Playa, we’re passionate about the arts and creative industries – many of us are practitioners and active consumers; in fact, La Playa founded the first ever corporate art collective!

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

  • Specialist insurance for entertainment and the arts
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US

Premiums start from £550 inclusive of IPT

Photo from Arts & Entertainment
Photo of Tracey McCreath ACII

Tracey McCreath ACII

DIRECTOR, MEDIA, ARTS & ENTERTAINMENT

Direct Dial: +44 (0) 1223 200655

Email: tracey.mccreath@laplayainsurance.com

Twitter: @TraceyatLaPlaya