Top 5 Reasons your Business Needs Coverage
#1 - You make decisions everyday that impact your employees: hiring, compensation, promotions, accommodating disabilities, terminations and more. Each of these can lead to a claim for a wrongful employment practice if not handled correctly.
#2 - Both defense costs and settlement amounts for employment practice claims can have a serious financial impact on a company. Employment practices insurance is critical to protect organizations from the potentially large cost of employment litigation.
#3 - Even an organization with good human resources policies and procedures in place can be sued, and the cost of defending a claim can be enormous. It is not uncommon for legal fees associated with winning an employment lawsuit to exceed $250,000.
#4 - Managing employment practices claims can be complex. Travelers can help. Your claim will be assigned to a claim professional as well as an outside attorney who has expertise in the legal environment in your local area.
#5 - Travelers employment practices coverage includes access to Risk Management Plus+ Online® at no additional cost to you. This dynamic, web-based platform is a one-stop resource that provides a comprehensive set of risk prevention tools.
