Sadly, sexual harassment charges are the most common charges brought against a company from within the company itself, and are far more common than property or general liability claims in total. BIA Insurance Agency can offer your company Sexual Harassment Liability Insurance, to cover the costs that your business might incur from such a lawsuit, including cost of defense. Our sexual harassment liability insurance plans cover both state and federal employment-related claims, and cover lawsuits filed by employees, former employees, or candidates for employment.
Some companies get by with just liability insurance, but due do the incredibly different nature of a bodily injury lawsuit and a sexual harassment lawsuit, we here at BIA Insurance Agency suggest obtaining both general liability insurance, for employees who may get hurt on the job, and sexual harassment liability insurance, to cover employees’ bad behavior.
Even one sexual harassment lawsuit can have a devastating financial impact on your company. Employment practices lawsuits generally settle between $40,000 and $100,000-if they do not go to court. If the case must go to court, damages average over $200,000, with a small but significant portion reaching over one million dollars. Defense itself can cost more than $45,000 for just one claim.
Sexual harassment liability insurance, however, offers coverage for back pay, attorney’s fees, compensatory damages, and front pay. Depending on the type of coverage you select, you may even be eligible for employee training, employment practices training, and educational information to lessen your liability profile.
Here at BIA Insurance Agency, we offer a wide variety of sexual harassment liability insurance coverage options for you and for your business. One of our experienced and knowledgeable commercial insurance plan representatives will be happy to assist you and to help you determine what type of coverage is best for you. We are happy and eager to answer all of your questions and to help you find the best, most affordable and extensive sexual harassment liability insurance coverage for you and your business, so give us a call today.