Youre the Boss: Insurance Concerns for Small Retail Employers
Summary
Employment practices liability insurance may cover losses arising out of employee disputes where harassment, discrimination or retaliation may be involved.The retail trade is particularly affected by workplace injuries, with 123,770 incidents that required employee time away from work in 2015, according to the U.S. Bureau of Labor Statistics .Typically insurance companies require businesses to pay a larger portion of the workers compensation premium upfront.This can be essential for retail, which is more cyclical in nature, tending to boost staffing during busy seasons, and reducing it during lighter times.Be sure to work with knowledgeable, experienced insurance companies that can help you manage these existing risks and select the right coverages to protect your store.