General Liability insurance does not protect your business against claims of professional negligence, or for failure to perform your professional duties. For this type of coverage, the business will need a separate Professional Liability policy.
Professional Liability Insurance protects your business against loss from a claim of alleged negligent acts, errors or omissions in the performance of your professional services.
The policy normally pays for any resulting judgments against you, including court costs, up to the coverage limits on your policy.
Employment Practices Liability
Employment practices liability coverage protects an employer against an employee's claims such as:
- Wrongful Termination Sexual or Workplace Harassment - Wrongful Discipline Age Discrimination Violation of Employment Discrimination Laws Violation of Americans with Disabilities Act Wrongful Failure to Employ or Promote Wrongful Deprivation of a Career Opportunity Breach of Employment Contract Employment Related Misrepresentation Failure to Adopt Adequate Workplace Employment Policies & Procedures Illegal Retaliatory Treatment Invasion of Privacy Negligent Evaluation.
- Employment Related Wrongful Infliction of Emotional Distress - The purpose of this insurance is to protect the corporation, directors, officers and employees from alleged employment-related wrongful acts. Some features to having this policy are Coverage for front/back pay, attorneys’ fees and compensatory damages, for punitive damages where insurable by law, for actual or alleged retaliatory treatment, varying retention's for class action suits or other claims, for emotional distress or mental anguish, no purposeful or intentional acts exclusion or reductions in force or mass layoffs exclusion.*
*Coverage varies from company to company.