When it comes to protecting your company, there are certain things that need to be considered. Most executives think that they only need to worry about themselves in order to protect the company from a legal standpoint. Although that can help, bad things can still happen if you have such a limited view.
A better way to keep the legal aspects in mind is to not only protect the company, but the employees that work for you as well. If they are protected and feel secure and as though they know your company cares about them, they will be much less likely to bring up legal issues with you in the future. There will also be less chance of legal problems at all between employer and employee this way.
One way to make sure that your employee is covered is to list certain things on the employment contract. Although most contracts have a lot of information about wages on them, an employment contract with insurance explained on it can waylay a lot of problems that you may end up having.
A lot of companies and corporations leave the insurance aspect up to the insurer that you have delegated to your employees. While this is an option, if you list what the employees can have in an employment contract with insurance listed, then your employee will feel a lot more at ease. They will also know a lot more about their employment with you, which is very helpful.
When you get your employment contract with insurance information written up, make sure to be as thorough in your explanations and terms as possible. Corporations usually don’t stick with the same insurance for the entire life of the company, so make sure that you leave a provision like this is the employment contract with insurance information.
Since this all can be relatively complicated, you should hire the help of a lawyer or use one of your own company’s lawyers to help you draft the contract. For smaller businesses with less of a budget, this may be something that you need to splurge for.
Although you can find sample contracts in books and on the internet, it is a wiser decision to spend the extra money having a lawyer draw up the employment contract with insurance information added. It can end up saving you a lot of money in the long run because you will be able to avoid many lawsuits that can arise from poorly written employment contracts. The most successful small businesses know when to spend the extra money and when to save it.