Commercial Insurance
Employment Related Practices covers lawsuits brought by employees (past, present or prospects), or governmental entities against the insured employer, alleging wrongful discharge, discrimination, failure to promote, failure to hire or certain types of harassment. Coverage can often be extended to Third Party claims.
For example: A breach of an implied contract settled for $265,000
A former employee sued a technology company, alleging that he was hired to be the VP of Sales and Marketing. He claimed that items promised to him were taken away (i.e., secretary, car allowance, staff levels, etc.) and that when he allegedly failed to meet sales targets, he was wrongfully terminated. The plaintiff brought various breach of contract claims, including a claim for a breach of an implied agreement, which sought to recover benefits, punitive damages, interest and fees. After numerous failed mediations, the matter settled for $200,000, with $65,000 in legal defense fees.