When you have to deal with sensitive matters such as promotions, discipline, firing, and other business matters, you run the risk that your actions will be perceived as discriminatory -- triggering lawsuits. For Vermont business owners, employment practices liability insurance can help cover the expenses associated with this type of lawsuit.
Treating employees fairly is not only the right thing to do – it’s the law. The Civil Rights Act, the Americans with Disabilities Act, the Family Medical Leave Act and other federal and Vermont statutes ensure the employees have legal protections against discrimination in the workplace.
If a lawsuit is brought against your company, you can be held responsible for court fees, legal defenses, settlements, damages, and other expenses, costing your business time and money you don’t have to spare. Employment practices liability insurance is an important coverage for all businesses with employees.
Even though your business may have other liability protections, such as general liability insurance and professional liability insurance, these policies do not cover cases related to employment issues. Because a lawsuit can be brought as soon as you start interviewing potential candidates, many experts recommend getting an employment practices policy in place before taking on any employees.
Coverage limits for these policies can vary widely. It’s important to understand the impacts a lawsuit could have on your business, including time lost to the court case, when deciding what policy is right for you. Many companies benefit from policies covering $1 million or more. Premiums are based on the size of your company, employment history, and past lawsuits.
Businesses across Vermont have seen employment lawsuits increase in recent years. No business is too small to be at risk. While it’s important to conduct training to avoid any discrimination or other unfair treatment, you also need to protect your business financially. Employment practices liability insurance can cover the expenses associated with discrimination and other lawsuits, providing important coverage for any VT business with employees.
Barre
P.O. Box 469
297 North Main Street
Barre, VT 05641
(802) 476-6631
Bradford
P.O. Box 392
25 North Main Street
Bradford, VT
(802) 222-5222
Waitsfield
5197 Main Street, Suite 3
Waitsfield, VT 05673
(802) 496-3118
Mike Bancroft is simply an amazing agent. When my business got burglarized, I was so upset and didn't know what to do. I contacted Mike and he was very prompt in calling me back and he put my mind at ease. He made me feel so much better and handled all of the paperwork immediately. His customer service is top notch and I highly recommend him to be your insurance agent!