Understanding Employee Practices Liability Insurance
Employee practices liability insurance is of the utmost importance for any business. This type of policy provides coverage to a business in the event that a claim is made by an employee in relation to age, sex, harassment, disability, breach of contract, wrongful termination or race.
Many large businesses oftentimes have several types of employee practices liability insurance policies and they are well prepared to handle almost any type of employment lawsuit. Unfortunately, however, small businesses tend to overlook the importance of this type of insurance.
There are a number of factors that influence the cost of purchasing an employee practices liability insurance policy. Four of the more common factors include: