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How To Best Protect Your Business During Union Negotiations

Though some business owners understand the basic components involved in dealing with an employee union, there are plenty of factors that are easy to neglect. When workers are unionized, it introduces a new set of parameters for matters like insurance. Failing to consider this can lead to a variety of problems for you and your assets. Thankfully, a bit of preparation can go a long way.

What Is Union Liability?

One main factor to think over with union liability insurance is collective bargaining. A standard insurance plan does not include this type of coverage. This means that you will not be able to guarantee protection if you’re relying solely on a plan centered around professional liability. Since the union is involved in all matters from financial mismanagement to harassment, you absolutely require the enhanced protections offered by union liability coverage. Main areas that can be covered by this type of insurance include: 

  • Breach of duty
  • Invasion of privacy
  • Wrongful termination

Find the Perfect Coverage

While a standard policy for professional liability is usually enough to cover a company’s basic needs, factors like whether or not the employees are unionized can influence what kind of coverage you actually require. Take time to review the basics and learn more about how you can protect your business, your team, and your assets