Staffing Insurance 101



    Insurance isn’t just for individuals, and businesses often face unique crises that insurance can address. So what types of liabilities should your business be interested in covering? Let’s break it down.


Employment Practices Liability


Employment Practices Liability protects companies  from accusations of discrimination by employees or potential hires. EPL also guards against other allegations such as harassment of wrongful termination.


Cyber Liability


The primary purpose of a cyber liability policy is to protect a business in the case of hacking or data breaches that compromise a customer’s personal information. Such information includes, but is not limited to, Social Security or credit card numbers, addresses, and emails.


Commercial Auto Liability


Commercial Auto Liability Insurance serves an almost identical purpose to that of personal liability insurance: covering costs from damages inflicted or suffered in an automobile accident. This insurance extends to any accident in which an insured commercial vehicle causes the damage.


Fiduciary Liability


Fiduciary liability refers to a business’ responsibility to its employees and shareholders. This could include management of an employee’s benefits or of a stockholder’s money.


Worker’s Compensation


Worker’s compensation is one of the more familiar terms on this list. Worker’s compensation is simply a form of insurance that allows an injured employee to relinquish their right to sue the company in exchange for wage replacement and medical benefits.



    Of course, this is not an exhaustive list.  However, after reading this blog, you may be feeling a little intimidated. Protecting your business from the less recognized risks is why you need a good agent giving you accurate advice.  If your agent is not a trusted advisor in your business, contact us today to  learn how we work to provide that level of service to every commercial insurance client we work with.


Howard Webb Insurance