What is employer liability insurance for? Well, it’s for businesses that have employees. What does it do? It covers you in the event that you are sued by an employee who claims that their work conditions caused them to become injured or sick.
“But wait”, you might say… “what about workers compensation?” Yes, workers compensation may cover you and it also might be a part of your workers compensation package. If you already have workers comp, check to see what it covers.
You may have every provision set in place to keep everyone safe but accidents have their way of happening. You could have asbestos without knowing about it. Having the proper policies in place to protect you and your employees is vital.
Employers Liability Insurance Coverage
First of all, if you have employees you are likely required to have workers compensation coverage which is a similar protection. Employers liability insurance will protect you if your employee sues you from getting injured on the job. The difference between workers comp and employers liability insurance is that workman comp will cover medical bills. Employers liability covers you if they sue you for their injuries. However, workers comp will not.
If you do have both coverages combined into one policy, they will work together. Because they are similar, it will be written in such a way as to specify the payout limits for each covered occurrence for both a workers compensation claim and an employer liability insurance claim.
Consequently, there is one other type of policy that seems similar but is totally different. It is called employment practices liability insurance. Be sure not to confuse it with this insurance. Employment practices insurance protects against claims of wrongful termination, sexual harassment, emotional distress and the like. Whereas employers liability insurance protects against claims where the workplace environment is blamed for an injury or illness.
Employers Liability Coverage Quotes
Because this insurance is so vital, many different companies offer policies. Finding the right policy at an affordable price can take a lot of time. To speed up the process, use US Online Insurance, a business insurance aggregator website.
Simply fill out a short form, then it quickly shows you quotes from top carriers. You also don’t have to leave the office or make a bunch of annoying phone calls. Finding your coverage has never been easier! Because it’s so important, take action to protect your business and assets.
Your company has unique needs and an agent from US Insurance Online will guide you to find the right policies for you. Get your FREE, no-obligation employers liability insurance quotes from US Online Insurance today and find the right provider to meet the needs of your company. Finally, do this to protect both your company and those that work for you so that everyone’s future is protected.
Need other coverage? Get a brief explanation of various business insurance types to see what else is available.