Broker EPLI scrutiny advised as workplace tribunal cases soar.....

Making sure your covered - PROTECT YOURSELF
Brokers have been urged to check clients' employment practices liability insurance (EPLI) cover in the face of soaring workplace tension.
Init's annual report for the financial year 2008/09, the Advisory Conciliation and Arbitration Service (Acas) revealed it has received more than 78,000 conciliation cases from the Employment Tribunal Service, almost a fifth (18%) higher than the previous year.
In total, Acas received , 55,000 cases that involved a claim for unfair dismissal, a rise of almost 12,000 from 2007/08.
Gary Green, Angel Underwriting business development director, said the recession would inevitably cause a rise in redundancies and in the haste to make cutbacks, companies were increased danger of failing foul of employment legislation. "In the accident arena we have seen the growth of the 'no win no fee' culture. How long do you think it will be before we see adverts on the television asking people 'whether they believe they have been unfairly terminated' and inviting them to get in touch with solicitors to make a claim?" Mr Green asked.
He said that all the directors' and officers' (D&O) claims it receives, more than half were employment related.
Mr Green said that while D&O covers directors' liabilities in employment-related matters, EPLI was needed to cover the company itself adding the smaller to medium-sized business, which may not have a dedicated HR facility, were at risk.
According to figures from from the Tribunals Service published earlier this year, the number of employment tribunal claims rose sharply to 189,303 in April 2008 to March 2008, an increase of 43% on the 2006/07 figures. The Acas conciliation figures indicated that 20085/09 employment tribunal claims figures, which are due to be published in September or October, would climb further.
Andrew Swan, associate director of Aon Global Professions, said: "Society has become more litigious and employees are more wiling that ever before to take their employers to court if they believe they have been wronged. It is with this in mind that we sell EPLI products." He said while clients may not have budgeted for EPLI for the current year, he would push for it to be considered in 2010 forecast as "it's a growing trend".
Article taken from Insurance Age September 2009 edition - Written by Louise Meeson

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