Employment Practices Liability Insurance & Your Independent Insurance Agency in Chicago
March 9, 2017
Learn how employment practices liability insurance from an independent insurance agency in Chicago can protect your business.
As a business owner, it’s important that you have the tools that you need to protect your business. From physical damage to your business equipment to risk for a liability lawsuit, your business is vulnerable to a variety of threats. Many of these threats are due to external factors. However, it’s important to bear in mind that some of your threats may be internal. Should your business face a sexual harassment suit or should an employee claim that they were discriminated against, expect a long, expensive lawsuit. Invest in the right employment practices liability insurance from an independent insurance agency in Chicago to protect your business. Find out more about how employment practices liability insurance can keep your business secure.
What is Employment Practices Liability Insurance?
Employment practices liability insurance is a special policy that helps to protect your business from turmoil in the workplace. Should an employee take you to court, it helps to give you the coverage you need, which is especially helpful for small businesses with limited resources.
How Does Employment Practices Liability Insurance Protect You?
There are several types of employment practices liability insurance. However, most give you coverage for legal costs and settlements from lawsuits based on claims of discrimination, wrongful termination, defamation, privacy violations, sexual harassment, breach of employment contract, emotional distress, and much more. Keep in mind that some policies have exclusions. Ensure that you’re aware of what your specific policy covers and doesn’t cover.
When it comes to keeping your business well protected, take steps to minimize your risk, and invest in employment practices liability insurance from an independent insurance agent in Chicago. Located in Illinois, Thomas Ward Insurance serves all your personal and commercial insurance needs. Contact us for more information.