wage & hour insurance

Wage & Hour Image

Wage & hour suits are on the rise. From 2000 to 2015 wage and hour suits filed increased by 450%.  Federal and state guidelines concerning the proper classification and payroll compensation of a workforce are dynamic and complex. Further, D&O and EPLI policies do not typically cover wage and hour or FLSA claims.  Bridging the gap left by other employers’ coverages, Midlands Wage & Hour Insurance provides financial protection for your clients from staggering defense costs, settlements or judgments.

HIGHLIGHTS

  • Indemnity and defense protection
  • Target is companies with 1,000+ employees
  • Target industries: hotels, restaurants, manufacturing, hi-tech, transportation, healthcare, construction and retail
  • Minimum retention of $100,000 ($250,000 in California)
  • Minimum premium of $75,000
  • Definition of claim includes claims brought by the Department of Labor as well as individuals
  • We are able to consider both primary and excess wage and hour opportunities
  • Policies are issued quickly and can be emailed
  • Risk Management program available
  • Direct access to skilled and responsive underwriting team with decades of combined experience
  • Broad definition of wage and hour claims including:
    • Misclassification of employees as exempt/non-exempt;
    • Failure to pay minimum or overtime wages;
    • Unpaid meal and rest breaks;
    • Wrongful deductions from pay;
    • Improper time record keeping;
    • Failure to pay wages for off-the-clock work;
    • Misclassification of employees as independent contractors.
  • Competitive pricing

SUBMISSIONS

Email the following to submit@midman.com:

UNDERWRITER

Call (800)800-4007 to inquire.