Even though you are an honest and fair employer, one accusation of unfair employment practices could cost you thousands of dollars. Charges ranging from age or sex discrimination to wrongful termination, even unfounded charges, can hurt or destroy a business.
Until recently, only large businesses were able to affordably insure against the risk of employment practices claims. Now in most states employers of all sizes can insure against this risk. Businesses may choose limits ranging from $25,000 to $10 million with co-payment and deductible options.