We carry the coverage and unfortunately needed to use it a few years ago. Regardless of how strong your policies are, if an employee files a suit, you have to defend and that's where the policy is priceless.
Bonnie A. Teffeteller, CCIFP Controller 717-238-7709 x6 phone 717-238-8150 fax
We carry this insurance (and yes, being in California is a definite incentive). We try to follow all of the laws correctly and rely on the advice of a professional H/R consulting firm for everything out of the ordinary. However, with so many areas of exposure and given the litigious nature of employees/lawyers in this state, we feel insured protection is necessary. We have 30 employees.
West Fork Construction, Inc.
6050 Warehouse Way
Sacramento, CA 95826
Hi,Yes your broker was correct to talk to you about it. We have A LOT of construction clients and we tell all of them to buy it. That being said, less than 1/2 actually go through with purchasing it even though it is relatively cheap.Some of the most common ways it helps you is if you get sued for wrongful termination, retaliation or sexual harassment. Even with proper employment practices in place and regardless of if you win or lose the case, you could easily have a fortune in court costs. Your company size, record and employment practices could all influence your premiums.Hope this helps! Glad your broker brought it up!Thanks,