Have questions or concerns about the risks your business faces? Perhaps you want to learn more about how to prevent losses? All TruShield customers have access to our team of Risk Services specialists.
Who needs HR consultant insurance?
As an HR consultant, organizations and businesses turn to you for help with solving a human resources-related need. If you offer any of the following HR consulting services, you may want to consider investing in insurance for yourself.
- Recruiting services
- HR audit and operational review
- Creating/updating employee handbooks and policy handbooks
- Employee training programs
- Compensation strategy and planning
- Professional speaking
- Succession planning
- Leadership development and coaching
- Performance management
- Management and leadership training
What insurance does an HR consultant need?
When it comes to protecting your HR consulting company, the following coverages may be beneficial for your protection:
Why? It’s designed to protect business owners when they are found legally liable for property damage or bodily injury to a third party.
Example: If a client comes to your office for a meeting and trips over a computer cord, and suffers an injury as a result, they can sue you and your business for the damages they suffered. This is where having a CGL policy can come in handy
Why? Provides protection to small business owners who use technology and work digitally.
Cyber risk and data breach coverage can help with costs you may incur due to:
- Private client information breaches
- Data recovery expenses
- Extortion expenses
Example: If a virus wipes out all of your data, this can affect your business. Having cyber insurance can help with the cost of recovering lost data that is vital to your business.
Why: Designed to protect business owners should an error or omission found in their work lead to a financial loss for your client.
Example: You’ve updated an employee training manual and have made an incorrect update. As a result, employees are performing tasks incorrectly, your client is losing business and ultimately ends up suffering a financial loss
You could face a costly lawsuit if your client decides to sue you, so having errors and omissions coverage can financially help protect your business.
Why: Your personal auto insurance policy covers your personal auto needs and may not provide adequate coverage for your employees nor your business needs.
Example: If you’re involved in an accident and one of your employees is injured, a commercial auto insurance policy could help with medical expenses as well as lost wages.
We offer more than just an insurance policy:
Being part of the TruShield family means we’ll support you with more than just insurance. Here’s a few other ways we’re here to help you:
If your business should suffer a loss, our Trauma Assist service will be available to help you and your employees cope with the emotional effects of that loss.
Legal Assist provides you access to legal advice and practical solutions for matters affecting your business. It includes a telephone legal helpline, document review and drafting services, and access to customizable legal templates.
* Legal Assist services are not provided for criminal, personal or insurance issues, do not provide representation in legal proceedings or legal fees coverage and are not an insurance policy. Legal Assist services are provided through ARAG Legal Solutions Inc. by lawyers licensed in the province or territory of your residence.