Employment Practices Liability Insurance
Employment Practices Liability Insurance covers companies against lawsuits or claims filed by employees, former employees, and employment candidates. This insurance coverage protects the company, its directors, officers and other employees. Companies can use this type of insurance to cover expenses associated with employee rights’ violations, such as alleged acts of discrimination, harassment, hostile work environment, and wrongful termination. If the insured company has to deal with a lawsuit or claim, the insurance company may reimburse the company for expenses incurred by handling the lawsuit. These expenses can be covered regardless of the outcome of the case. The policy can also cover the cost of any settlements or judgments entered against the company. EPLI policies do not usually cover criminal fines, civil fines, penalties or punitive damages unless where allowable by law.
EPLI also excludes coverage for claims that are covered by other insurance policies, such as property damage or bodily injury claims. If you feel your company is at risk of being sued for one of the violations covered by EPLI, you should seriously consider obtaining this type of insurance. PJO Insurance Brokerage can tailor a policy that would be most beneficial for your company and its needs. Having to deal with employment lawsuits can be extremely costly for a company that does not have the proper insurance coverage.
Read more about Employment Practices Liability Insurance.
Fidelity & Crime Insurance
Fidelity and Crime Insurance can protect companies or organizations from loss of money, securities, or inventory resulting from crime. Some of the most common Fidelity/Crime insurance claims allege employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts. These schemes involve every possible angle, taking advantage of any potential weakness in your company’s financial controls. From fictitious employees, dummy accounts payable, non-existent suppliers to outright theft of money, securities and property. Fraud and embezzlement in the workplace is on the rise, occurring in even the best work environments. Any business employer needs to be concerned with Employee Dishonesty or any business handling cash or securities or retirement accounts that needs protection from robbery or theft will need Fidelity/Crime Insurance. Because crime-related losses are not typically covered by most property insurance policies, crime protection insurance is a necessary component for any business. Unfortunately, most businesses don’t purchase adequate crime protection. Fraud and embezzlement in the workplace is on the rise, occurring in even the best work environments. These frauds can go on for years, and when discovered, the ultimate impact can be enormous. Smaller companies are especially vulnerable to Fidelity crimes. Most business insurance policies either exclude or provide only nominal amounts of coverage for loss of money and securities as well as employee dishonesty exposures.
Read more about Fidelity & Crime Insurance.
Medical Marijuana Industry Insurance
Whether you are a dispensary, growing facility, bakery, edibles manufacturer, or any other business involved in the medical marijuana industry, your insurance needs are different. PJO Insurance Brokerage can help you protect yourself and your business with insurance programs designed specifically for the Medical Marijuana industry and your unique needs. We have access to various Medical Marijuana Insurance Programs for dispensaries, cooperatives, and collectives. We can provide coverage for General Liability, Building/Property Coverage, Equipment Break Down, Contents, Loss of Income, Employee Dishonesty, Glass Coverage, Computer Equipment and more. Coverages are available for small to large operations.
Read more about Medical Marijuana Industry Insurance.
Professional Liability Insurance
Errors and Omissions Liability protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract. Commercial General Liability does not provide coverage for errors, contract performance disputes, or any other Professional Liability issues. Also known as Errors and Omissions insurance, Professional Liability insurance is your most critical coverage. Professional Liability insurance protects you and your Phoenix business from potentially catastrophic litigation caused by charges of professional negligence or failure to perform your professional duties. This might include errors and omissions resulting in loss of client data, software or system failure, claims of non-performance, or negligent oversell. The liability risk associated with your company’s professional errors, omissions and negligence can be far greater than the bodily injury and property damage risks covered by your General Liability policy. Whether a claim is baseless or not, mounting a legal defense can bankrupt your company. Professional Liability insurance protects your company and your future by responding to professional liability claims and helping you keep your business operating as potential lawsuits move through the courts. Without Professional Liability insurance, your company could be financially overwhelmed.
Read more about Professional Liability Insurance.
Restaurants/Bars/Night Clubs Insurance
One area in the Restaurant/Bar/Nightclub business you do not want to skimp on is insurance. Insurance Coverage can protect you and your business for a myriad of problems, from damaged equipment to liability lawsuits. Depending on where you live, you will need certain types of insurance for your restaurant. You will also need to carry certain types of insurance to satisfy your bank loans and mortgage. Property Insurance: protects your property (building, contents, loss of income, computers, glass, improvements and betterments, etc.) in case of fire, theft, vandalism, or other insured events. Again, if you have any type of mortgage or loan on your business and/or equipment, you are generally required to provide proof of insurance to your lender via a property insurance policy naming them as loss payee or mortgagee. General Liability: this is the primary liability policy that protects you in the event someone slips and falls in your restaurant, gets sick after eating there (whether or not it was your fault), and per your lease requirements. This is a must-have in today’s litigious society. Liquor Liability: most states require that any establishment holding a liquor license carry liquor liability as part of their insurance. It helps protect you if a customer has too much to drink and drives and injures themselves or someone else.
Read more about Restaurants/Bars/Night Clubs Insurance.