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Category: Employment Practices Liability

Protecting Your Business the Right Way

Protecting Your Business the Right Way

One of the hardest parts of owning a business or other commercial property is keeping crime at bay or dealing with the unfortunate aftermath. Fortunately, business owners have resources like commercial crime insurance in order to help them out in these sticky situations. While not all plans are created equal, each of the options still seeks to protect your business and your finances from a wide variety of common criminal threats, including but not limited to:   Fraud Dishonesty Theft…

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How PEO Insurance Can Improve Your Business Relationships

How PEO Insurance Can Improve Your Business Relationships

PEO stands for Professional Employer Organization, and involves a partnership between a staffing agency and a company. Instead of re-inventing the wheel by going to new staffing agencies every time there is a vacancy or a need for new staff, the human resources department of one company may partner with a staffing firm on a long-term basis. This can work out well if the staffer can provide the company with a steady stream of reliable temporary and long-term workers. However,…

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The History Behind Workers Compensation

The History Behind Workers Compensation

Investing in North Carolina workers comp is not only beneficial for a company to minimize their risks, but also good for employees, morale, and public perception. Interestingly, workers compensation policies were not always around. Although today many states mandate this type of coverage, this was not the case several years ago. Common Law Before there were specific laws for workers compensation, work related injuries were governed by the common law. The masters, or employers, were responsible for injuries that happened…

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The Difference Between the Two Types of Malpractice Insurance

The Difference Between the Two Types of Malpractice Insurance

Malpractice insurance is a necessity for people in many different professions. Doctors, lawyers, engineers, architects, nurses and other professionals purchase malpractice policies to protect themselves from lawsuits filed due to errors or negligence. If you are considering professional malpractice insurance, be sure you understand the differences between the two main policy types before you purchase one. Occurrence Policies Occurrence policies cover you for any event that happens during the coverage period, regardless of when it is reported to the insurer….

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Don’t Leave Your Staffing Agency liable to Work Environment Claims

Don’t Leave Your Staffing Agency liable to Work Environment Claims

If you are operating a staffing agency, there are a number of daily activities that are out of your control. While you might take pride in your integrity and environment of equality, many of the businesses that your contract labor to may not behave up to your standards, but this can leave you open to significant repercussions based on actions outside of your control. By signing up for a comprehensive employment practices liability insurance policy you can protect yourself. Who…

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Protecting Your Assets With Employee Liability

Protecting Your Assets With Employee Liability

There are two main kinds of employee liability. There is employee benefit liability and employee practices liability. These are two very different policies and you have to talk with your insurance provider to find out which policy is right for you. Employee Benefit This type of liability insurance protects you from allegations of negligence in regards to the employee benefits. For example, if you invest you employee’s money, you are liable for how that invest turns out. If the investment…

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Why Do Employment Agencies Face Unique Insurance Risks?

Why Do Employment Agencies Face Unique Insurance Risks?

Every line of business faces some sort of risk. This is precisely why insurance is necessary. You never know when something will happen with one of your employees or one of your clients that could lead to a lawsuit. helps to address the specific risks that staffing agencies face. While this industry may have some overlapping risks with other industries, they also have unique ones. The Line Between Temporary and Permanent Employment agencies have many permanent employees, but they also…

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Three Areas of Employment Practices Liability That Insurance Should Address

Three Areas of Employment Practices Liability That Insurance Should Address

Liability claims regarding employer practices represent a significant threat to companies today, as employees are increasingly aware of their rights and willing to take legal action over real or perceived issues. Still, many employers don’t have a clear idea of what employment practices liability insurance should cover. Employers can start by understanding the following common causes of claims.   Hiring Practices   Before an employer even decides to hire an employee, the employer could face liability for various reasons. If…

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