Worcester Insurance Coverage
From the moment you bring your first prospective employee in for an interview, you are at risk for an employment practice lawsuit. When operating in today’s litigious society, no business is immune to the possibility of a lawsuit. For this reason, experts recommend that all Worcester businesses with employees obtain ELPI coverage.
The amount of coverage your business needs depends on the size of your business, number of employees, employment history, and other factors. Your insurance agent can help you determine an appropriate policy amount. Most businesses in MA will need a policy between $1 million and $25 million for complete coverage.
No matter how hard you try to be fair to your employees, there will be situations when an employee feels they are not being treated properly. If you violate the state or federal employment laws, you could find yourself subject to not only a lawsuit, but also fines and penalties. Purchasing employment practices liability insurance coverage can help protect your business from the financial ramifications of a lawsuit brought against your company by an employee.