Almost every business is subject to the possibility that one of their employees acts inappropriately. One of these behaviors is sexual misconduct. As a business owner, you need sexual misconduct liability insurance to cover you if one of your employees engages in questionable practices.
This type of insurance covers you if one of your employees sexually assaults another employee. If you don’t have it, you could be held responsible.
Assault of a Customer
Another instance where you need this insurance is if an employee of yours assaults a customer. The accusation of this alone can ruin a business.
Damages to Your Reputation
Even if your employee is not guilty, the merest hint of misconduct can irreparably damage your reputation in the business world. Fortunately, there is insurance that will help you in this event.
When an assault occurs, it can cause severe financial distress for your business. With this coverage, you can recover your damages in the event of a lawsuit or loss of business due to this situation.
Training for Employees
Training classes for your employees can get extremely expensive. You may have to hold seminars when accusations of sexual misconduct are made. Fortunately, many insurance policies have a provision that covers this cost.
As much as you might want to believe that it will not happen in your business, roughly one in three women report some form of sexual assault. This means that it could happen in your company, regardless of how careful you are.