Employer's Insurance

Definition - What does Employer's Insurance mean?

Employer's insurance refers to a range of insurance products meant for employers. They include commercial general liability insurance, commercial property insurance, workers' compensation, employer's liability insurance and others. Some may be required by state law, while others are not but often necessary for financial protection.

Insuranceopedia explains Employer's Insurance

Even though companies typically make profits, and oftentimes substantial profits, this does not mean that they cannot lose money through liabilities. For example, an employee who receives a long-term disability on the job site could sue the company if they believed the company's negligence caused the injury. This one suit could cost the business tens or even hundreds of thousands of dollars and beyond. Because employers are exposed to a number of risks, it is important for them to invest in the necessary commercial insurance coverage.

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