HSB Canada launches Employment Practices Liability Insurance for small businesses

Specialty insurer HSB Canada introduced Employment Practices Liability Insurance to help small businesses handle claims from employment-related practices.

“Employment-related claims are increasing in prevalence and complexity due to a changing social and legal environment. Small businesses are particularly exposed because they typically do not have dedicated human resources or finances to deal with legal issues and payouts that could reach tens if not hundreds of thousands of dollars.” – Terry Smith, vice president treaty client management at HSB Canada.

The coverage includes claims from employees and third parties, such as customers or vendors.

HSB also provides a legal advice line for business owners, offering access to lawyers for guidance on a range of small business issues.

HSB Canada offers this solution, including underwriting, marketing, and claims support, through partner insurers.