Auto, Home, Life and Business Insurance
Employee Benefit Liability is necessary to fill the gap of liability when your business offers benefits to employees such health insurance or group life.
Your employees can sue you if you do not administer the plans properly or if benefits are cancelled or reduced without notifying employees.
If you misappropriate funds, embezzle funds, let a policy cancel or don’t make employees aware of a policy cancel, if you change benefits and don’t notify employees or any number of other acts that effect the benefits you have fiduciary responsibility over, you and/or your business can be held liable.
Professional liability is protecting your business against bad advice or guidance. Any time you give professional opinion, advice or guidance you are opening yourself up to a professional liability claim.
If your business has employees then you are exposed for a loss related to employee practices. This isn’t just sexual harassment, it also includes unfair hiring or firing practices and unsafe work environment as well as discrimination.
