Employee Benefits Liability Insurance: Protect Your Business from Administrative Mistakes
Offering employee benefits is a key part of attracting and retaining talent—but administering those benefits comes with responsibility. Employee Benefits Liability Insurance helps protect your business from claims resulting from errors or omissions in managing benefit programs.
What Is Employee Benefits Liability Insurance?
Employee Benefits Liability (EBL) Insurance provides coverage for businesses that offer benefits such as health insurance, retirement plans, life insurance, and more. It protects against lawsuits stemming from administrative mistakes in handling these plans.
What Does It Cover?
- Errors in Enrollment or Termination
- Covers claims if an employee is not properly enrolled or removed from a benefits plan.
- Incorrect Benefit Descriptions
- Protects your business if employees are misinformed about their coverage.
- Omissions or Miscommunications
- Covers failures to notify employees of eligibility changes or policy updates.
- Negligent Claims Handling
- Protects against liability for delays or missteps in processing benefits claims.
Who Needs It?
Any business that offers employee benefits should consider EBL coverage. This includes small and mid-sized employers, HR departments, and administrators who manage or oversee benefit programs.
Why It Matters
Even unintentional mistakes can lead to costly legal disputes and damage employee trust. EBL Insurance provides a safety net so administrative errors don’t become financial disasters.
Cover Your Benefit Admin Risks
TriPack helps connect you with providers offering Employee Benefits Liability Insurance tailored to your benefit offerings and workforce size.