Campground Employment Practices Liability Insurance
Why have Employment Practices Liability Insurance?
Did you know that according to research, 3 out of every 5 employers will be sued by either a prospective, current, or former employee during the time they are in business? In fact, from the time you start the pre-hiring process through an employee leaving your employment for any reason, you are vulnerable to a lawsuit. While many of these suits can be groundless, defending against them is costly and time-consuming.
What are the employment liability risks?
This can be scary for a campground owner, but luckily there is a solution for protection. It comes in the form of Employment Practices Liability Insurance. Employment Practices Liability Insurance can protect you from wrongful employment practices including:
• Actual or alleged wrongful dismissal, discharge, or termination
• Employment-related misrepresentation
• Employment-related libel, slander, humiliation, defamation or invasion of privacy
• Wrongful failure to employ or promote
• Wrongful deprivation of a career opportunity, wrongful demotion or negligent evaluation
• Wrongful discipline
• Vicarious liability for intentional acts
• Punitive damages
• Coercion or humiliation in relation to race, marital status, gender, age, physical and/or mental impairments, pregnancy, sexual orientation and any other protected class established by federal, state and local statutes
Coverage applies to employers as well as current, former, and prospective directors, officers and employees. There are also options to include liability coverage for third-party, volunteer workers and independent contractors.
Defense costs and Policy Limits
Another option is for defense costs to be outside of the policy limits. Defense costs can be expensive and could use up much of the policy limit. For example, let’s say you have a $250,000 policy limit and the defense costs totaled $100,000. Without defense costs outside of the limit, you would only have $150,000 left of the policy limit to pay for any damages awarded. With defense costs outside of the limit, you would still have the full $250,000 policy limit to pay for any damages awarded. With a growing number of employment-related claims arising, the time to get the coverage is NOW. Talk with an experienced campground insurance agent today to discuss what policy would be best for you.