Employment Insurance

Types of Employment Practices Insurance

Employment liability insurance provides coverage to employers for allegations including:

Most policies cover directors, officers, management personnel, and employees within the insured organization.

Employment Practices Liability Further Defined

In today’s world of social media and the easy access to technology employment practices liability has never been more important. Regardless of the size of your company you have inherent risk involved with both employment and interaction with third parties. Some of these risks include discrimination, harassment, and wrongful termination. The constantly changing world of employment law and the difficulty to remain current with Human Resource practices make allegations in this space common place. It is important for your business to have proper Employment Liability Practices insurance coverage so that your business is protected from both real and alleged scenarios.

To significantly lower your employment practices liability risk, do the following:

Develop an employee handbook and have employees sign off on it
Create detailed job descriptions so each person within your organization understands their roles.
Create a performance review assessment and complete these at least once a year
Develop a consistent interview and onboarding process.
Conduct background checks on candidates, including social media searches. Beware this must be legal in the state you operate in
Institute a zero tolerance policy regarding discrimination, substance abuse and any form of harassment.
Provide a company culture that calls for an "open door" policy, so employees feel comfortable speaking to you about sensitive work related topics.