What Types of Insurance do You Need for Remote Workers?

According to a survey from Enterprise Technology Research (ETR), the percentage of workers working from home is expected to double in 2021. The onset of the pandemic this year started a trend that will only continue to grow in the future. With more remote workers, companies need to update their insurance policies. So, what types of insurance do you need for remote workers? 

1. Cyber Liability Insurance  

Cyber insurance helps your business respond in the event of a cyberattack or data breach. Data breaches are more likely and possible when working remotely. This works best for businesses who deal with sensitive data like lawyers, government officials, etc. Cyber insurance coverage can vary depending on which provider you work with. We would love to help you figure out exactly how much you need. You can contact us here and learn more about cyber liability insurance here. 

2. Workers’s Compensation Insurance 

Just about every state (except for Texas) requires employers to have workers’ compensation coverage for their employees. Workers’ compensation insurance covers work-related injuries. 

3. General Liability Insurance 

General liability insurance can protect your business from “general” lawsuits, as its name suggests. It helps to cover legal expenses that could come from slander, libel, misappropriation, and copyright infringement. 

4. Property Insurance 

This type of insurance protects any property that is owned by your business. If you have remote employees, it is more than likely that they are using laptops, monitors, and phones that your company owns. Property insurance covers these costs if something were to be damaged. 

These are just the basics to start to consider. At Snellings Walters, we are here to lead complex businesses into safety and security – and that means working with you to make sure you have the protection that you need. Have more questions about insurance coverage for remote workers? Reach out to us here.