Running a business comes with its fair share of challenges, and sometimes those challenges arise from within. Employee misconduct—whether it’s theft, harassment, or dishonest behavior—can put your business at risk in multiple ways. That’s why having the right insurance is crucial. At OnQuote Insurance, we help business owners across Wisconsin understand how their coverage can protect them when things go wrong.
Understanding Employee Misconduct
Employee misconduct can take many forms. It may involve financial issues, such as embezzlement or fraud, or behavioral problems, like harassment or violations of company policies. Regardless of the situation, the impact on your business can be significant—ranging from financial losses to legal complications and reputational harm.
What Your Insurance May Cover
The good news is that certain types of commercial insurance can help mitigate the fallout. For instance, a commercial crime policy can protect your business from financial losses caused by employee theft or fraud. If an employee’s actions result in a lawsuit—such as a harassment claim—your employment practices liability insurance (EPLI) may cover legal fees and settlements. However, not all policies automatically include this type of protection, so it’s essential to understand what your current coverage entails.
Stay Protected and Proactive
Misconduct can occur even in the most well-managed businesses. That’s why it’s important to establish clear workplace policies and support them with robust insurance coverage. Taking a proactive approach can save you time, money, and stress in the future.
If you’re unsure whether your policy provides adequate protection, contact OnQuote Insurance in Wisconsin. We’ll guide you through your options and help you find the right coverage to keep your business secure, no matter what challenges arise.