We all entrust individuals to help take care of our family, including our home and our financial well being.
These individuals could be nannies, carpenters or even financial planners. The access we give these individuals into our lives expose us to a wide range of risks, and too many people have become victims by not thoroughly researching the individuals they’re bringing into their homes. Many people rely on friends’ recommendations or resumes, which doesn’t always provide the details needed to asses an individual.
A thorough background check is an essential tool in determining the trustworthiness, financial stability, and the safety of your family when employing these individuals. There are different types of background checks available, including criminal felony checks, credit reports, employment, and even driving records, depending on the scope of the employment or involvement with your family. It is recommended that background checks be performed regularly to ensure your employee’s character remains reliable.
The exposures we all possess are different, and believe it or not, there are coverages that can assist in protecting your family if necessary. One of these would be Employment Practices Liability Coverage (EPLI). This coverage would guard against the residence staff that could make allegations like discrimination, sexual harassment, or wrongful termination. This coverage would pay up to the limit of liability chosen and includes defense costs. If you employ someone within your home, know that many policies would not extend coverage for domestic help, leaving you very open for risk of financial downfall.
Our top priority is to protect your family, home, and financial well being. Background checks on the individuals you employ in conjunction with Employment Practices Liability Insurance will significantly reduce your exposures.
Please let us know if you would like additional information regarding background checks or EPLI coverage.