If you’re a business owner, then you’ll want to familiarize yourself with the different kinds of staff insurance available so that you can be sure that both you and all of your employees are fully covered. A few of your insurance options include employee benefits liability, employment practices liability and workers’ compensation. When you’re ready to talk about insurance, make sure that you do so with a well-experienced insurance provider.
Protect Your Staff and Yourself
With employee benefits liability, you’ll be covered for any negligent acts that employees carry out. An employment practices liability policy will safeguard you against allegations such as discrimination, wrongful termination or sexual harassment that any of your employees or even applicants might bring against you. Even if you think that your staff would never cause you any kind of legal trouble, staff insurance, much like any other kind of insurance, is designed to help you hope for the best while preparing for the worst.
Believe it or not, but employees might even appreciate you having certain kinds of insurance, especially workers’ compensation in the event that they were to injure themselves while on the job. Will your employees be taken care of if their work-related injuries cost them wages or if their work-related injury results in permanent disability?
While you might not think that you can afford so many different kinds of staff insurance policies, the truth is that you can’t afford not to have them.