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"All professional firms --- from law and accounting to architecture and engineering --- face the complexities of employment practices exposures. Our new Employment Practices Liability product delivers a comprehensive solution, backed by proven underwriting expertise, for professional firms that employ five or more employees," said Paul Ablan, senior vice president and managing director of professional liability for OneBeacon Professional Partners.
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Employment Practices Liability insurance from OneBeacon Professional Partners offers a number of specialized features, including broad definitions of discrimination, harassment, retaliation, workplace torts and wrongful termination; protection for harassment or discrimination claims by third parties; choice of counsel for qualified firms; and much more. Full prior acts coverage is available, as is worldwide coverage.
This solution also offers tailored risk management services -- qualified customers can take advantage of telephone consultations and risk assessment and education services --- and responsive, professional handling of sensitive claims matters. Said Laurie Sablak, OneBeacon Professional Partners' product leader for Employment Practices Liability and assistant vice president of professional liability, "We are excited to launch this new solution, as it also offers many cross-selling opportunities with our OneBeacon Professional Partners Lawyers Professional Liability products and OneBeacon's property and casualty coverages for small and midsize professional firms."
For more information about OneBeacon Professional Partners' Employment Practices Liability solution, visit www.onebeaconpro.com > Products > Miscellaneous Professional.
OneBeacon Professional Partners is a member of OneBeacon Insurance Group that specializes in professional liability solutions for targeted industries including hospitals, managed care organizations, long-term care facilities, health care facilities, media and lawyers. Additionally, OneBeacon Professional Partners provides custom products including health care provider excess insurance and HMO reinsurance.
About OneBeacon: OneBeacon Insurance Group's underwriting companies offer a range of specialty and segmented commercial and personal insurance products. As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon's specialty insurance products are available countrywide, and commercial and personal lines are offered in select geographic territories.
OneBeacon's U.S. headquarters is in Canton, Massachusetts. The company is publicly traded on the New York Stock Exchange under the symbol "OB".
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Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by OneBeacon will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, OneBeacon or its business or operations. OneBeacon assumes no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.
-- growth in adjusted book value per share or return on equity; -- business strategy; -- financial and operating targets or plans; -- incurred loss and loss adjustment expenses and the adequacy of its loss and loss adjustment expense reserves and related reinsurance; -- projections of revenues, income (or loss), earnings (or loss) per share, dividends, market share or other financial forecasts; -- expansion and growth of our business and operations; and -- future capital expenditures.
SOURCE OneBeacon Insurance Group
