EMPLOYEE RISKS

Employment Practices Liability

This covers a range of employment-related claims that the CGL will not cover, e.g., discrimination, demotion, wrongful termination, sexual harassment, etc.

  • This does NOT cover Worker’s Compensation (covered under a Worker’s Comp policy), criminal acts (covered under a Crime policy), ADA compliance costs, malicious acts, or labor disputes.

Worker’s Comp

This is required in most states in some form. Even if a state allows for opt-out, it is highly recommended as it is considered “sole remedy” for work-related injuries or sicknesses.

  • Protection from being sued

  • Protects an employee by providing needed benefits from an incident

  • Covers disability income, medical expenses, rehabilitation benefits, death benefits, and survivors benefits

EMPLOYEE THEFT

This is a Crime Insurance policy that can provide protection from any type of employee theft, including money and securities. This is also known as a Fidelity Bond if purchased through a Surety Company.

Each policy will have stipulations, limits, and exclusions. Extensions, riders, and floaters are available to fill any gaps. The information on this website is an overview of the types of insurance you may be able to purchase, but does not comprise full explanations of policy types nor does it guarantee any particular coverage or policy.