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Employment Practices Liability Coverage
Is liability insurance for employers that covers the Employer for wrongful termination, discrimination, or sexual harassment toward the insured’s employees or former employees. Coverage applies to Directors, Officers and Employees and in some instances may be extended to cover Third Party Liability.
What is Employment Practices Insurance?
Employment Practices Liability Insurance is a fairly new form of liability insurance. The Employment Practices coverage covers an employer for claims brought by employees, former employees or potential employees. The coverage also includes the discrimination categories of age, sex, race and disability. The coverage for you firm includes the Directors and Officers.
Who is Employment Practices Insurance meant for?
Knowledgeable Directors and Officers will require you carry this type of Insurance. Investors and Directors may also be held liable for law suits brought under employment practices.
When should I acquire Employment Practices Liability Insurance?
Law suites again even potential employers have increased significantly over the past decade. The present statistic indicates 3 out of 5 firms will be sued by an employee. From the pre-hiring process, to the exit process a potential employer is vulnerable.
Who typically brings these type of suits?
Being the target of a legal action may occur with any firm. A potential employee that was denied employment or a person who used the wrong figure of speech can bring a potential law suite. From a past employee, to a prospective employee, a groundless or falsified suit can be costly in time and resources.
Fischbein Insurance can advise and recommend to your company on the policies that will provide the proper coverage.
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Fischbein Insurance Services
1660 Highway 100 South, Suite 500
Minneapolis, MN 55416-1551
952.956.9644
CLICK HERE TO SEND MAIL@fischbeininsurance.com
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