Employment Agency Insurance and Employment Practices Liability

Employment Practices Liability (EPL) coverage for staffing firms, as a part of any robust employment agency insurance program, is designed to protect companies against claims brought by an applicant or employee for allegations of discrimination, sexual harassment, wrongful termination and other aspects of employment practices.

This policy is designed to provide coverage to the staffing firm for in-house employees as well as for contract (temporary employees) placed with clients who fall subject to their client’s work environments. While coverage is extended to the clients for any actions of the staffing services workers while at the client’s workplace, coverage is also extended to non-employees subject to the workplace environment as well.

Workplace investigations address important concerns

When an incident occurs an investigation helps to address problems and are an important tool for responding to complaints or incidents regarding suspected workplace misconduct. These investigations can also help improve employee morale, increase productivity, and end inappropriate conduct by employees and staff.

Internal investigations are vital to an employer’s ability to avoid litigation by promptly responding to any concerns about the work environment. In some cases, litigation might possibly be avoided altogether, since employees who feel their employers have addressed their complaints often respond positively when they feel the matter has been properly handled.

When necessary it’s best to initiate the investigation promptly, however do not compromise confidentiality, and assure those involved that all information garnered will be treated with sensitivity. It is best to remain as impartial as possible and never make assumptions. Also, choose an investigator who will avoid rushing to judgment.

Conduct an effective investigation

You can help with the investigation by explaining the process using simple language to communicate the purpose of the investigation to the complainant and any witnesses. Ask the witnesses to identify corroborating evidence or any documents related to the situation.

Document the procedure carefully by taking detailed notes, but remain mindful of attorney-client privilege issues. Remain professional and courteous toward all witnesses, including the complainant and the accused and remind involved parties of their obligations, which include confidentiality, non-retaliation, and the need for truthfulness and candor.

Always attempt to resolve issues fairly and satisfactorily, but in the event things go sour, employment agency insurance coverage will help you in dealing with any legal issues.

Crime Coverage and Yacht Builders Insurance Wholesalers

Insurance brokers understand that economic pressures can affect many different industries, and among them are their clients in the boat and yacht building industries. Trusted employees having a difficult time keeping up with bills and other personal expenses may become prone to committing dishonest acts including stealing from their employers. Employees caught in the act will often explain away their actions for what they feel are many sufficient reasons, including not having the resources or income to support their lifestyles.

Crime coverage, available through yacht builders insurance wholesalers, can often cost as little as $300 for up to $100,000 in coverage, this of course depending on the size and type of business activity, along with other underwriting considerations. While employee theft often involves having access to cash, they may also resort to stealing various items they have access to.

In the yachting industry there are many other items of value that may be stolen, including office machines, vault securities, warehouse merchandise, tools and other items in the inventory of the business they work for. Losses involving equipment, supplies, or merchandise can add up to thousands of dollars or more. Most businesses would have a difficult time dealing with such losses over time.

Desperate times, desperate measures

To an employee experiencing heavy financial burdens and responsibilities any product can seem valuable enough to steal, especially when a sufficient quantity can be taken over an extended period and often going unnoticed for months at a time. Surprisingly, an ongoing theft could span three years or more without being detected by owners or supervisors.

Crime coverage can help your client to better secure their business by providing protection for and against:

  • Employee Theft
  • Depositors forgery or altercation
  • Theft of securities and other property
  • Computer fraud
  • Funds transfer fraud
  • Money orders
  • Counterfeit currency
  • ERISA plans
  • Credit, debit, or charge card forgery, and
  • Robbery and safe burglary coverage

Don’t allow your clients to leave themselves open to losses of this kind that could seriously reduce their profit potential. Having crime coverage through yacht builders insurance wholesalers is worth the cost of the policy when you consider all that is at stake.

Why Liquor Liability is an Essential Addition to Your Venue Insurance Policy

Alcohol and its resulting behavior remain a hot button issue, and despite growing awareness regarding drunk driving, people continue to get behind the wheel after leaving bars, nightclubs and other venues intoxicated, and as the business owner you could be held responsible. As a result, you want to make sure that you are adequately covered against lawsuits in your venue insurance policy.

How Are You Considered Responsible?

Many states possess laws that hold a business responsible for serving a visibly intoxicated individual. Additionally if that individual subsequently causes damage to others or himself, you are held accountable. This is true even after an individual has left the premises. Therefore, if he gets into a fight in a nearby park or causes a drunk driving accident on the way home, you are put on the line. While you may feel that you have adequately trained your employees, these events are extraordinarily common.

What Will You Need In Liquor Liability?

As you begin shopping for an appropriate liquor policy, you will want to make sure that all of your potential legal and liability costs taken care of. Make sure that it not only covers drunk drivers, but also assault and battery. In addition, to protecting you against physical damage claims, you will also want to look into a policy that addresses mental damages. Additionally, you will need defense coverage to address legal costs in the event of a trial, and finally you will want to make sure that your employees are covered in the event that they drink on the job. Finding a comprehensive venue insurance plan will help you avoid major issues down the road.

Florida Business Concerns and Commercial Property Insurance

Most insurance providers offer business commercial property insurance that can protect your operations in Florida for everything from a minor liability claim to something that could result in a major financial loss. Whether you own your own building, or lease your office space, business property insurance is the sure way to protect the assets of your business.

Disasters happen, and they’re not something that you often see coming. We take for granted that we’ll leave our office on a Monday night and when we arrive Tuesday morning everything will be just as we left it. But a hurricane could literally rip the building off of its foundation, or a fire breaking out in the office or warehouse could cause serious damage, including to the valuable contents within, or something as simple as a water pipe bursting could ruin computers, destroy important financial documents, and ruin furniture and other things necessary for ongoing daily operations. These are all valid reasons why you need to insure against any and all possible scenarios.

Why put your small business at risk?

Small business property insurance is one of the most important investments to help ensure the future productivity of your company. There are some important aspects of your business that commercial property insurance helps to protect, including your building, furniture and business equipment, any inventory or material goods, outdoor signage, and fences and exterior landscaping, along with any property belonging to others that is in your care.

There are a few different policies that will help to cover many of your concerns. As a small business owner (or one in a niche market), your company may be an ideal fit for a business owner’s policy (BOP). This is where the insurer bundles your commercial property and general liability coverages into one policy. This offers both convenience and discount rates. A commercial package policy (CPP) may be a more ideal fit for mid-size to larger firms, depending upon your risk profile.

Finally, It’s important to note that certain exposures are not typically covered under a commercial property insurance policy and need to be addressed separately, such as flood insurance, which in areas of Florida makes perfect sense to purchase as well.

New York Small Business Insurance Options

As a small business owner, you want to have the comfort of knowing your company is protected. Depending on the type of products or services you sell, you will have unique and specific insurance needs, which is why you need to evaluate the insurance market carefully and determine what types of New York small business insurance is right for you.

Some factors that may dictate what you purchase (and from whom) are likely to be low rates, excellent service, financial stability and customized coverage. Some of the most common policy coverages include: Liability, Medical and Umbrella insurance.

You can add to that list workers compensation, because if you have employees you’ll need coverage that protects them, but there are other areas of concern that may also need to be addressed:

  • Business owner coverage

Business owner insurance provides damage protection from fire and other mishaps and offers a degree of liability protection.

  • Property insurance

Property insurance covers damage to the building that houses your business, as well to as furniture, equipment, inventory and other business related items.

  • Product liability insurance

You might need this form of coverage if your products could conceivably cause harm to others. Even the packaging that your products come in can pose a risk.

  • Errors and omissions insurance (E&O)

This coverage is for those in professional occupations, such as attorneys, accountants, real estate agents, technology consultants, and others. It offers protection should you make a mistake or neglect to do something that causes a customer or client some harm. E&O is necessary for businesses that can be sued for giving out bad advice or accidentally omitting some important facts.

  • Business interruption insurance (or business income insurance)

This ensures you get paid if you lose income as a result of damage that temporarily shuts down or limits your business.

  • Automobile insurance

If your business uses cars or trucks in the performing of services or duties, you’ll need this insurance for collision and liability coverage.

There are other risks and exposures that may concern you as well. Speak to a reputable agent about small business insurance for New York companies with any questions you may have.

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