Insurance

The One Coverage You Probably Don’t Have, But Need

By Cornerstone SupportJanuary 11, 2017
 

You have taken steps to protect your agency against consumer lawsuits, but what about the potential threat from within your organization?

 

The number of lawsuits against employers for hiring and firing decisions, or even discrimination, continues to rise. No company is immune to these types of lawsuits, and the inevitable turnover on your collection floor staff can be a significant area of exposure. Even with strict policies and procedures in place, employment cases are expensive and difficult to win. That’s where Employment Practices Liability insurance kicks in.

Employment Practices Liability covers a company against various types of lawsuits from current and former employees. These types of suits can include harassment, discrimination, and wrongful termination. It includes full-time, part-time, leased, seasonal and temporary employees. Employment Practices Liability is often packaged with Directors & Officers (D&O) insurance to defend company officers from lawsuits by investors and shareholders. Fiduciary liability can also be packaged in this group of policies.

Give yourself peace of mind in 2017 when it comes to these liabilities. We work hard to find the best coverage possible for you, shopping around and taking a look at all options. Let us know how we can help you!

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