Are You Covered for a Sexual Harassment Claim?
Posted February 21, 2018 in Sexual Harassment Claim
Stories of sexual harassment have been front and center in the news over the recent months. From Hollywood to government employees, more sexual harassment and workplace misconduct claims are hitting the headlines every day. In fact, in recent years, all employment-related claims have been steadily on the rise. Because of this, an increasing number of companies are beginning to wonder if they are prepared for a sexual harassment claim.
What Type of Insurance Do Companies Need?
While every company knows that they require insurance to protect them from possible day to day occurrences, the fine line of what is covered under which policy can sometimes become blurred. Coverage for sexual harassment claims can fall under that line. When it comes to coverage for your company, be on the lookout for employment practices liability insurance (EPLI). This is the type of insurance you must have to be covered for a sexual harassment claim. EPLI covers all wrongful acts from the employment process. It covers management personnel, officers, and employees against all workplace discrimination such as racial discrimination, wrongful-firing claims, and sexual harassment.
Do I Have Employment Practices Liability Insurance?
Often, EPLI is offered and included under most commercial insurance policies. Gallant Risk & Insurance Services, Inc. offers employment practices liability insurance as a standalone coverage or in combination with a management liability package.
What Types of Companies Need Employment Practices Liability Insurance?
Truthfully, the answer is simple: everyone. While larger companies know the importance of EPLI, it is often smaller companies that are more vulnerable to discrimination or harassment claims (not limited to sexual harassment). A good rule of thumb is that if you have employees on your staff, you need employment practices liability insurance. Companies typically don’t think they are going to require a specific type of insurance until it’s too late. At Gallant Risk & Insurance Services, Inc., we commonly insure:
- Professional services
- And many others