Regrettably, allegations of sexual harassment are the primary charges lodged against a company by its own employees and are considerably more prevalent than claims of property damage or general liability overall. Capital Partners Insurance Agency, Inc has the capability to provide businesses with Sexual Harassment Liability Insurance, which serves to mitigate the financial burden associated with potential lawsuits arising from incidents of sexual harassment. This coverage encompasses the costs related to legal defense and any potential settlements that may arise as a result of such claims. The sexual harassment liability insurance plans provide coverage for both state and federal employment-related claims, encompassing lawsuits initiated by employees, former employees, or prospective candidates for employment.

Many companies rely solely on liability insurance; however, given the distinct nature of bodily injury and sexual harassment lawsuits, Capital Partners Insurance Agency, Inc. recommends acquiring both general liability insurance to protect employees in the event of workplace injuries, and sexual harassment liability insurance to address issues of employee misconduct.

An individual case of sexual harassment litigation has the potential to significantly impact the financial standing of a company. Lawsuits concerning employment practices typically reach settlements ranging from $40,000 to $100,000, should they not proceed to trial. In the event that litigation is pursued, the average amount of damages awarded is in excess of $200,000, with a notable minority of cases resulting in awards exceeding one million dollars. The expenditure related to defense may exceed $45,000 for a single claim.

The coverage provided by sexual harassment liability insurance includes indemnification for back pay, attorney’s fees, compensatory damages, and front pay. Depending on the chosen coverage, individuals may have access to employee training, employment practices training, and educational resources aimed at reducing liability exposure.

Capital Partners Insurance Agency, Inc provides a diverse range of sexual harassment liability insurance coverage options tailored to individuals and businesses. We extend an invitation to consult with one of our adept and well-informed commercial insurance plan representatives who will provide expert guidance to assist in ascertaining the most suitable coverage for your needs. We are pleased to offer our assistance in addressing any inquiries you may have and in facilitating the identification of the most suitable, cost-effective, and comprehensive sexual harassment liability insurance coverage for you and your business. We encourage you to contact us at your earliest convenience.