Employment Liability Insurance

Whenever you are employing someone the onus of responsibility for the person’s emotional and mental fitness falls on you as an employer. It does not matter whether you have a single employee or thousands of employees you as an employer (individual or company) is suable under the current laws in case an employee decides to drag you into court for any mental or physical harassment meted out to them even on the first day. Legal processes are long drawn battles that might burn a hole into the pockets of large or small businesses. The legal costs are pretty high therefore even you win the lawsuit and don’t have to pay a penny to your estranged employee you still suffer a loss in monetary terms. This is where Employment Liability Insurance comes to your rescue as a lifesaver.

In case an employee experiences work related injury or illness and decides to file a lawsuit inspite of the worker’s compensation insurance covering the medical bills and partial lost wages Employment Liability Insurance is going to cover the expenses you as an employer are going to incur. The expenses that are going to be covered by Employment liability insurance are –

• Attorney’s fee
• Court Fee
• Settlements or Judgments.

Who needs Employment Liability Insurance

Any employer employing people for his or her business needs to get Employment liability Insurance. An employee might accuse you of overburdening him or her because of gender discrimination on the very first day of work. Thus you as an employer need to be ready all the time to make sure that you do not suffer financial losses because of litigation costs which are beyond your control.

As an employer you can be liable for third party action, loss of consortium, dual capacity suit or even consequential body injury, getting employment liability insurance becomes all the more important. The factors that contribute to the rising lawsuits against employers are a many like sexual harassment, discrimination, wrongful termination, breach of employment contract, negligent evaluation, failure to employ or promote, wrongful discipline, deprivation of career opportunity, wrongful infliction of emotional distress, mismanagement of employee benefit plans.

Many employers to save a small amount of money ignore the importance of employment liability insurance and assume that worker’s compensation is going to cover it all. Worker’s compensations is only going to cover the medical bills and loss of wages however is there is a lawsuit worker’s compensation is not going to benefit you in any way being an employer.

Keeping your assets and profits safe from employees who might blame you for trivial things is your own responsibility and this responsibility can easily be fulfilled via employment liability insurance. Lawsuits are becoming expensive and cannot escape the legal process in case an employee decides to sue you.

Hier Insurance is one insurance company that has a rich experience of 40 years. Your business will be evaluated first in case you decide to get Employment liability insurance from Hier Insurance. The number of employees working in your company and any previous lawsuits pending against you are going to be the deciding factors in terms of deciding the premium for employment liability insurance.