Family Office Exposure to EEOC Actions

CLIENT ADVISORY

Insurance companies have become increasingly resistant to late notice of Employment Practices Liability claims that started as an EEOC letter. Family Office management is advised to provide immediate notice of an EEOC letter as soon as it is received. The notice should be sent DIRECTLY to the insurance company, per the written instructions in the insurance policy. Note: Notice given to the insurance agent may not be recognized by the insurance company. Always send notice directly to the insurance company for any Directors & Officers, Employment Practices or other Professional Liability polices.