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Employment Practice Liability Market Update

By January 26, 2023May 3rd, 2023Business Insurance
Amid difficult market conditions, the majority of employment practices liability (EPL) insurance policyholders encountered rate increases during 2022. These rate hikes varied based on sector, location, potential exposures, and prior losses. Looking ahead to 2023, first-time policyholders may experience additional capacity difficulties as insurers focus on maintaining profitability among their existing customers. As a whole, rate increases and coverage limitations will likely persist for high-risk insureds for the foreseeable future.
BDI Insurance provide an overview of emerging trends in the employment practices liability (EPL) insurance market and provides tips for those seeking coverage.