Labor Organization & Labor Union Insurance
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What Insurance Do Labor Organization & Labor Union Need?
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Business Owners Policy (BOP) protects you from business liability and property damage at a lower cost. BOP covers claims resulting from fire, theft & disasters. BOP also covers claims of bodily injury or property damage during your business operations.
Frequently Asked Questions
Why do Labor organizations and Labor Unions need insurance?
Workers in this industry promote the interests of organized labor and union employees. Labor unions and labor organizations need insurance as it is their first level of defense against the many known and unknown risks. With insurance, your business and personal assets are protected as it will pay for the attorney fees, legal fees, property repair, equipment replacement and anything within the covered risk.
What risks do Labor Unions and Labor Organizations face?
Below are the common examples of risks the labor unions and similar labor organizations can face:
- While driving to a work site, you are in an accident in which you are proven to be at fault.
- A client visiting your office trips falls and breaks their arm. You’ll pay for the medical expenses, and the attorney and court fees, if your business is sued.
- Your employee got injured on the job. As their employer, you’ll be responsible for the medical expenses, rehabilitation expenses and other costs needed to help get your employee back on its feet again.
How much does Labor Organization and Labor Union Insurance cost?
The cost of insurance for labor unions and similar labor organizations will be determined by the size of the organization, the number of employees and the coverage required. To find out the cost of your insurance, simply apply online and answer a few questions to get a free quote or talk to our highly-experienced and unbiased insurance experts.