What Does Physical and Sexual Abuse Insurance Mean?
Physical and sexual abuse insurance is insurance coverage that protects against losses related to lawsuits arising from claims of physical and/or sexual abuse. This abuse can include molestation, physical blows, inappropriate touching, and more. As a company, non-profit, or other organization may be sued for physical and/or sexual abuse allegedly enacted by an employee, volunteer, or other associated personnel, certain businesses at a higher risk of fielding such lawsuits often purchase such a policy.
Insuranceopedia Explains Physical and Sexual Abuse Insurance
For certain organizations that often face higher numbers of physical or sexual abuse lawsuits, such as day care centers, schools, and churches, this type of insurance can be particularly valuable. Consider the Catholic Church, for instance, has faced a large number of sexual abuse lawsuits in recent decades and has had to pay out significant amounts of money.
Without physical and sexual abuse insurance, legal fees and damages can be incredibly expensive and become a serious financial burden. This policy can help policyholders shoulder the cost of such lawsuits. It is especially important for higher risk organizations if their liability coverage does not include physical and sexual abuse.