This is really dependent on the number of people you employ. In general, the more members on your team, the higher the risks, and the more likely the need for a standalone policy.
FAQ_category: Employment Practices Liability Insurance
Stand alone employment practices liability policies generally cost between $1,000-$2000 annually. These prices are dependent on your business type and can reach up to $1,000 a year for riskier endeavors, such as working in construction.
Employment practices liability insurance protects you from the risks of hiring, firing, and employing workers and staff. This insurance is useful if an employee or former employee sues you for issues like failing to promote, wrongful termination, or mishandling of benefits.
Employment practices liability insurance provides protection against the risks associated with hiring, firing, and employing workers and staff.