employee benefits liability insurance

When you think you know everything about liability coverage, here comes employee benefits liability insurance. See, this coverage is one of the obscure coverages that business owners may not even know about until it’s too late. Luckily, here is a useful guideline of everything you should know about this confusing insurance policy.

What Is It?

Employee benefits liability insurance is a type of errors and omissions coverage that comes in handy when an employee claims something was done wrong in their benefits program. For example, if an employee realizes he or she received the wrong information or that their benefits records are missing they can then sue. How Does It Help? This coverage can takes on the price of the claims made against your company. It basically pays for the benefits an employee would have received under accurate and existent benefit plans. A coverage like this can help save you plenty in the future.

What Benefits Are Covered?

Depending on your insurer, employee benefits liability insurance can take on the errors and omissions claims regarding:






The price of this coverage can depend on the types of benefits you want to cover. Please note that these type of claims are not usually covered on general liability coverage. Therefore, it is important to speak with a professional if you want full coverage for your business.