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Protecting Institutions from Employees

Apples are wonderful, but it only takes one bad apple to spoil the bunch. The same can be said of employees. Most are wonderful, well-intentioned contributors to a culture of success.

However, one employee acting irresponsibly can cause a great deal of harm to any organization. For example, take the recent case of Pennsylvania State University and their former assistant football coach, Jerry Sandusky.

For the few people in the country unfamiliar with this tragedy, Jerry Sandusky was convicted in June of sexually abusing several boys. Most were abused inside of campus buildings, which is not only horribly tragic, but put the university itself under legal fire. According to Chad Hemenway of Property Casualty 360, Penn State finds itself now sorting through multiple settlements for Sandusky’s victims.

Fortunately for Pennsylvania State, the university was prepared beforehand with what PSU President Rodney Erickson calls “multiple stacks of civil liability insurance…to cover the defense of the university’s executives, employees, trustees and so forth.”

Civil liability insurance, as offered through XINSURANCE, can protect an organization, large or small, from the reckless actions of a single employee or client. For business owners, civil liability insurance is the surest way to protect against personal asset risk. In the case of an employee or client making claims (e.g. discrimination, sexual harassment, assault, etc.), regular business insurance policies may not cover the damages. Commercial liability insurance is designed to keep business owners safe from the day-to-day legal risks they all experience, and custom liability insurance policies are also available for business owners to cover the gaps left by traditional insurance policies.

Through XINSURANCE, workers in hundreds of different occupations—hairdressers, landscapers, cooks, river guides, medical professionals, you name it—can target these gaps and gain peace of mind. Make your business not only profitable but also a lot less risky—get insurance.

Rick LindseyAuthored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE

Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.