In an ideal world, company employees always work hard, they always perform their job correctly and safely, and they never do anything that would harm the reputation or financial standing of the company. Unfortunately, we don't live in an ideal world, and sometimes our employees make mistakes, whether intentional or not, that can have a significant impact on our business. In today's blog post, we look at several ways that Commercial Insurance can help protect against employee mistakes that might harm a business.

Professional Liability or Errors & Omissions

Regardless of an employee's training, experience, or management, employees can and will make mistakes while performing a job duty, making a product, or dealing with customers. These mistakes may lead to a liability issue for the company due to the mistake impacting clients in a harmful, inappropriate, or reckless way. For example, a landscape contractor might have an employee that incorrectly prunes a tree and ruins it for the owner, an auto repair shop worker might not finish a repair job as promised, or an attorney might mishandle legal documents and cause their client unnecessary court delays or a judgment against them. Professional Liability Insurance, also known as Errors & Omissions Insurance, can provide financial help for lawsuits stemming from an employee's incorrect, shoddy, or incomplete work.

General Liability and Excess Liability

One of the most common types of liability issues a company may face in its lifetime is a General Liability claim. These typically involve company accidents or incidents that result in property damage, a third-party injury, or advertising injury. For example, if a restaurant worker fails to mop up a spill and a customer slips and falls, they could be held liable for liable for damages and medical expenses related to the fall. Additionally, a dry cleaner that damages a client's wedding dress, or a deli that fails to disclose all allergen ingredients could also face liability issues for property damages and personal injuries. General Liability Insurance and Excess Liability Insurance help protect companies by providing financial resources to cover attorney fees, court costs, judgments and settlements, and medical expenses related to a workplace injury so it doesn't have to come out of the pocket of the company directly.

Workers Compensation Coverage

As companies increase their workforce, they also increase the likelihood of a workplace accident or injury, regardless of the industry. Every day, workers across American injure themselves on the job through falls, back strains, broken bones, cuts and lacerations, burns, equipment accidents, and commercial auto accidents. Workers Compensation Insurance protects businesses by covering medical expenses and lost wages incurred while an injured worker is out of work recovering. Workers Compensation can be a major source of financial protection for companies with a higher risk of employee injuries, such as a restaurant, manufacturing plant, or HVAC or general contractor.

Aegis is pleased to offer a full range of Commercial Insurance policies to help protect businesses of all sizes and industries across the Gulf Coast region. The friendly and knowledgeable team at Aegis can create a customized commercial insurance package tailored to the unique needs of your business and employees. Contact Aegis today at 713-850-7622 about our Business Owner's Policy, Commercial Property Insurance, Workers Compensation Insurance, General Liability, Excess Liability, Professional Liability Insurance, and Commercial Auto coverage.