Navigating the logistics of employer-sponsored health insurance can be a difficult task for your business. If your company is large enough, all of your full-time employees should be offered coverage. You may also be obligated to offer coverage to temp employees if they meet eligibility guidelines.
Keeping track of it all is definitely a full-time job in itself. Protecting your business against the effects of any errors in this area is a good idea.
How Does EBL Protect Your Business?
Employee benefits liability insurance can help protect your business in the event that things get missed or mishandled. EBL for staffing businesses is especially important, as keeping track of the eligibility of temp employees requires paying extra-close attention to detail. There are many opportunities for things to go wrong, and EBL offers some peace of mind.
What Does EBL Help With?
If a mistake is made, whether it's due to an error, omission, or negligent act, your employee benefits liability insurance policy can help cover the legal costs. This can help prevent your business from taking a financial hit.
Purchasing EBL for staffing businesses, or really for any company that is obligated to offer employee benefits, is a smart business decision. It can help protect you and your employees in the event of an error and ensure that everyone is treated fairly.