William H. Connolly & Co., LLC serves the insurance needs of a large and diverse group of businesses, not-for-profit institutions, professional services and individuals. Our investment in information technology has extended our reach to serve clients not only in the metropolitan area but around the world. Our technological services staff keeps us on the cutting edge of our industry, enabling us to serve our local and international clients most efficiently.
Aggressive and innovative in our pursuit of the solutions to insurance and risk management problems, William H. Connolly & Co., LLC is widely recognized for our expertise in complex Employment Practices Liability, Directors and Officers Liability, and Workers Compensation issues. Because we are among the largest producers placing business with both national insurance companies and strong, regional carriers, we negotiate from a position of strength for our clients.
Though we are located in New Jersey, we specialize in insurance services throughout the New York, New Jersey, and Pennsylvania area. We now march into 2012 with a new look and feel, carrying the strengths of the old site into a new layout. Visit our new site and you will find a reorganization to emphasize our current New Jersey business insurance and personal insurance solutions, including:
- New Jersey Commercial Insurance
- New Jersey Hospital Insurance
- New Jersey Biotech Insurance
- New Jersey Nonprofit Insurance
- New Jersey University Insurance
- New Jersey Architect Insurance
- New Jersey Construction Insurance
- New Jersey Employee Benefits
- and much more…
Discrimination, wrongful termination and sexual harassment are prominent among litigated employment practices. Employers are being held to higher standards under numerous employment laws such as the Civil Rights Act of 1991, the Americans with Disabilities Act or the New Jersey Law Against Discrimination. The interpretation of Employment Law by state and federal courts has expanded both the frequency and severity of employment claims.
Insurance is available to defray the cost incurred in defending Employment Practices claims by business owners and institutions and to pay for damages resulting from those claims. The cost of defending cases, the size of settlements and the unpredictability of having a case go to a jury trial all contribute to the increasing need for EPLI (Employment Practices Liability insurance).
New Jersey EPLI, New York EPLI, and Pennsylvania EPLI policies may differ significantly from company to company and state to state. Different companies offer different coverages and deductibles can vary. Although EPLI typically provides coverage for claims brought by employees against other employees or management, third party coverage is also available for claims brought by customers, vendors or outsiders… those other than employees. Coverage is available for all “prior acts” instead of insurance restricted to occurrences that take place after a designated date (retroactive date).
Some policies offer the ability to choose your own attorney or to have input in the selection of counsel when defending an Employment Practices Liability insurance claim. As more insurers enter the Employment Practices Liability insurance marketplace, various value-added services are being offered, including audits of employment practices including review of handbook, supervisor training, dispute resolution, toll free consultation services, sample documents such as handbooks, and training and information, such as newsletters and web sites, to help employers study current Employment Practices Liability insurance issues.
Employment practices issues vary greatly and can include:
Corporations and not-for-profit organizations in the New Jersey area must provide financial protection for the costs of legal actions that may be brought against their Boards of Directors and management teams. In many cases, corporate indemnification may not provide complete protection for these directors and officers.
Additionally, the corporation may wish to protect its own assets in the event of a lawsuit. Therefore, many firms purchase a New Jersey Directors and Officers Liability Policy (or D&O policy) to cover the cost of the indemnification provided by the corporation or to pay claims on behalf of the directors and officers when the corporation is not providing indemnification.
There is no standard form for New Jersey Directors and Officers Liability policies. While all policies have certain typical conditions and exclusions, each insurer uses its own policy wording and there can be differences in coverage conditions, deductibles and exclusions. Some of the issues that may need to be addressed when structuring a D&O Policy include: