Employment Products
Protecting Your Assets and Your Agency
IIAV with VFSC provides the following products to support your Agency Employment:
Employment Practice Liability
Employment Benefits
How You Can Be Affected
Employment Practices Liability.
As an employer, you face the very real possibility of employment-related lawsuits brought by disgruntled employees or ex-employees. EPL claims can be expensive to defend, so don’t go it alone. Get the coverage you need to protect your assets
Lawsuits might include allegations of:
- Wrongful termination
- Sexual harassment
- Discrimination based on sex, age, disability, or race.
- Failure to hire or promote.
- Retaliation
And they might arise out of federal laws regulating employment, such as:
- Civil Rights Act of 1966
- Americans with Disabilities Act of 1990
- Age Discrimination in Employment Act of 1967
- Rehabilitation Act of 1973
- Covid Rights Act of 1991
- Family Leave Act of 1991
If your agency has fewer than 10 employees, EPL coverage can be added to your Swiss Re Corporate Solutions E&O policy by endorsement.
Please email the completed application to members@iiav.com
If your agency has 10 or more employees or desires broader coverage with a standalone EPL policy (which we recommend), we can provide coverage through one of our brokers with coverage features that include third-party coverage, prior acts, and limits up to $5 million.
Please email the completed application to members@iiav.com
Employment Benefits.
LIFE AND HEALTH
You can offer protection and security to your employees with access to a variety of affordable life & health products. Many of these products can be paid for by either the employer or the employee and are available to groups as small as two. IIAV’s Life & Health coverages include:
Group Health Insurance:
HMO, POS, PPO, HDHP, “HSA’s”
Choice of prescription plans
Fully Insured & Level Funded Plans
Great coverage and pricing flexibility
Multiple plans may be offered in your agency
Group Dental Insurance:
Preventative & Restorative Services
Wide variety of Deductibles
Options on Benefit Maximums
Third Party Administration:
Flexible Spending Accounts “FSA’s”
Dependent Day Care.
Group Life Insurance:
Group Short-Term Disability:
Guardian Life Insurance Company of America has two plans to choose from, both of which offer weekly income benefits up to $500 and special benefits for residual disability..
Group Long Term Disability:
Virginia Financial ServiceS Corporation
VFSC
Virginia Financial Service Corporation has been providing Agency E&O coverage in Virginia for over 50 years, utilizing strategic carrier partnerships specifically designed to meet the needs of Virginia agents. This means you have options.
- Risk Management & Additional Services
- Local support from an experienced insurance team
- Successfully serving Virginia insurance agents for over 50 years
- Exclusive Carrier Relationships
- Multiple E&O Carrier Options (Admitted and Non-Admitted)
Big “I” Employee Benefits
Your employees are the heart of your agency—give them the benefits they deserve while strengthening your business.
This program is underwritten by The Guardian Life Insurance Company of America, a multi-line insurance group with many years of experience in the business, and administered by a dedicated service team just for Big “I” Members.
Group Life
Group Short & Long Term Disability
Group Dental
Group Vision
What We Cover
We want to support your Agency at every step by providing a variety of insurance coverage for your business.
Commercial Umbrella
Employment Benefits
Group Dental Insurance
Group Term Life Insurance
Group Medical Insurance
Group Long Term Disability
Group Short-Term Disability
Errors & Omissions
Cyber Insurance
Employment Practices Liability
