Employer’s Insurance

What Does Employer’s Insurance Mean?

Employer’s insurance encompasses a variety of insurance products designed for employers. These include commercial general liability insurance, commercial property insurance, workers’ compensation, employer’s liability insurance, and others. Some of these may be mandated by state law, while others are not legally required but are often essential for financial protection.

Insuranceopedia Explains Employer’s Insurance

Although companies often generate substantial profits, this does not eliminate the risk of financial loss through liabilities. For instance, an employee who sustains a long-term disability at the workplace could sue the company if they believe the injury resulted from the company’s negligence. Such a lawsuit could cost the business tens or even hundreds of thousands of dollars if not more. Given the variety of risks employers face, they need to invest in adequate commercial insurance coverage to protect against potential losses.