As a business owner, it may be difficult to imagine one of your employees committing an act of sexual misconduct. However, the unfortunate truth is that there is always a possibility that sexual abuse can occur in the workplace. If an employee does commit an act of sexual misconduct, you need to ensure that your business is safe. This is where sexual misconduct insurance comes in.
What is Covered by Sexual Misconduct Insurance?
This type of insurance can vary depending on the policy, however, there are some things that are almost always covered.
- Compensation for a victim of sexual misconduct
- Fees for repairing the reputation of a company after a sexual misconduct claim is filed
- Failure to report employees who commit sexual misconduct
- Negligent hiring
Should Your Company Invest in Sexual Misconduct Insurance?
If your company works with the public in any way or hires employees, you need to have this type of insurance. Sexual misconduct can occur between employees or between employees and clients. However, some businesses need this coverage more than others. Some examples of businesses that should definitely not overlook this type of insurance are:
- Daycare facilities
- Bus transportation companies
Unfortunately, sexual misconduct occurs a lot. Employees can be sexually harassed, clients can be touched inappropriately, and other kinds of harassment and molestation happen all the time. If your business faces claims of this nature, the effects can be devastating. Having sexual misconduct insurance can make all the difference.