The product provides PEOs with necessary coverage for employment related exposures, including discrimination based on race, color, religion, sex, age and national origin
Allied World Assurance (US), a member company of Allied World Assurance Company Holdings, has launched Professional Employer Organization (PEO) Employment Practices Liability product.
Reportedly, the product is specifically designed for PEOs. It provides them and their client companies with necessary coverage for employment related exposures, including discrimination based on race, color, religion, sex, age and national origin, discrimination on the basis of a disability as well as sex-based wage discrimination.
Gordon Knight, president of Allied World US, said: “In these tough economic times, employers need to wisely choose where they spend their money. Many companies cost effectively outsource to PEOs the management of their human resources, employee benefits, payroll and workers’ compensation insurance. Our Professional Employer Organization Employment Practices Liability product, combined with comprehensive risk management services, gives PEOs and their clients another critical insurance product.”