Human resources & hiring
Employment practices liability insurance costs depend on the size of your business and other relevant factors.
Every state has its own rules when it comes to workers’ compensation insurance, so the cost of a policy will depend on where your employees are located. Companies with more employees and greater risks pay higher rates for workers' compensation coverage, because they’re more likely to face workplace injuries.
If an employee sues over wrongful termination, sexual harassment, or another violation of employee rights, employment practices liability insurance helps pay for your legal costs.
When one of your employees is injured, it’s important to act fast to treat the injury and file a workers’ compensation claim.
Misclassifying employees on a workers’ comp policy can result in fines and potential lapses with coverage. To avoid misclassification, make sure to assign the correct workers’ compensation class codes to your employees.