Hahn Insurance Agency

Employment Practices Liability Insurance in NJ

For both small and large businesses, there is an increasing need to provide coverage for law suits arising out of issues relating to Employee Hiring and Firing, Sexual Harassment and Discrimination.

As the frequency and severity of such claims increases, it is important for all employers to understand that there is no coverage under the Commercial General Liability Policy for claims of this type. In order for a business to have coverage in case of such a claim, the employer needs to carry EMPLOYMENT PRACTICES LIABILITY INSURANCE.

Most insurance carriers who offer this valuable protection have recently reduced the premium for the coverage and offer various limits of liability from $100,000 to $1,000,000. Depending on the limit of coverage selected, defense costs may or may not be included within the limit of liability.

There are significant differences in coverage between the policies available in today’s insurance market, and therefore it is important to have a professional insurance agent with expertise in the different coverage forms provide your business with a policy which best fits your needs. All commercial lines producers at Charles F. Hahn, Inc. are thoroughly familiar with the most recent coverage forms available to protect your business.

It is important to realize that even an employer who puts forth their best effort to minimize any exposures relating to these employment issues can be subject to average defense costs of $50,000 to $100,000 should an employee file a claim against you. Individuals are increasingly using legal means to be compensated for what they consider to be unfair employment practices relating to being hired or fired, sexually harassed and discriminated against by the employer, fellow employee, or even an outside vendor or independent contractor working on behalf of the company.

If you are interested in this important protection for you and your business, please contact us today.