It’s their first day. Don’t make these four mistakes.
Finding the right person was probably challenging enough—but as a business owner hiring a new employee, your work’s not done yet. Here are four things that can put your company or employee at risk.
Reason #1 Forget to put your new employee on the benefits plan. If you don’t put them on the plan from day one (or the day your employment agreement says they’ll be added), you may be liable if they need to make a claim.
Reason #2 Assume that if your new employee is licensed or has professional credentials that they’re covered under professional liability. Confirm this with your employee and your insurance provider.
Reason #3 Forget to confirm that your new employee, if he or she will sit on a board of directors, is covered under your director and officer liability coverage. Board members have particular responsibilities, which they’re liable for and you’ll want to make sure they’re covered in the event of a lawsuit.
Reason #4 Don’t review your insurance with your provider, especially if this new employee represents a change in your business direction or company growth.
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