When you first started your company, you were its only employee. Since there wasn’t much of a chance you were going to sue your own small business, you didn’t need employment practices liability coverage. Now that your company has grown, you have begun to interview applicants and hire employees. As such, you can probably no longer avoid purchasing employment practices liability insurance from a reputable vendor, such as Axis Insurance Services.
What Is It?
Employment practices liability coverage provides a company with protection should someone inside the organization engage in unfair employment practices during hiring, firing, promotions, or other work-related processes.
Who Is Covered?
An employment practices liability policy from Axis Insurance Services usually protects the company from damages due to the actions of the following individuals:
- Independent Contractors
Why Is It Necessary?
Labor and employment laws change all the time. As such, trying to keep up with them can be a full-time job. Still, ignorance of the law is typically not a valid legal defense to an unfair employment practices charge. With insurance coverage, you have a better strategy for defending a claim.
As your organization grows, your need for a good employment practices liability policy increases. By working with a knowledgeable agent, such as the ones at Axis Insurance Services, you can likely find the right policy to protect your small business.