Sexual Harassment Insurance Coverage Explained
Sadly, sexual harassment insurance coverage is an insurance product that is needed because sadly harassment in the workplace and society is still an issue.
It is estimated that about one in three Canadian women will experience sexual assault in their adult life. In fact, statistics indicate that 39% of women report having experienced at least one incidence of sexual assault since the age of 16.
We all have a responsibility to fight sexual harassment and eliminate it, but despite our best efforts incidents of sexual harassment will still occur which is why continued, education, awareness and action need to be taken to protect people from sexual harassment.
Also, because incidents of sexual harassment occur everywhere, including the workplace, employers have a duty of care that is owed to their employees to protect them from sexual harassment. In response to this fiduciary responsibility, employers must make efforts to protect their staff and prevention is clearly the best strategy as it ideally would eliminate sexual harassment in the workplace occurring at all, but sometimes bad things still happen and the actions of an individual within a workplace can create significant financial risk for an employer which is why sexual harassment insurance coverage should be considered.
How Does Sexual Harassment Insurance Coverage Work?
Sexual harassment insurance coverage is typically built into Employment Practices Liability Insurance which is often part of a director & officers insurance policy. The sexual harassment insurance coverage extension effectively pays for the legal expenses associated with defending a claim brought against an employee and/or employer and could pay for settlements or judgments against the employee and/or employer
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