Employment Liability Insurance – More Firms Taking Defensive Action
Claims against employers are on the rise and business owners should explore employment liability if coverage is not already in place. Wrongful termination, discrimination and harassment claims filed against employers increased 23% between 2007 and 2008, and retaliation claims are up 30%.
Employment liability insurance is a product that continues to evolve as the economy changes. Within the last year, new plan designs for employment Liability insurance have included crisis management coverage, workplace violence coverage and network security.