Serving your community as an elected official is an honor. You are responsible for listening to your constituents and doing your part to ensure the rules and engagements of society are headed in a direction that benefits everyone. Naturally, there are many drawbacks that can come along with this territory. In the event of a problem, you want to feel confident that your insurance will help protect you from potential financial and legal repercussions. This begins with a comprehensive insurance plan.
Understanding the basics of public official insurance can provide you with insight on its importance. When a suit is brought against you, your insurance is the best line of defense you have. Whether you’re in a situation where you’re being accused of mismanaging money or there have been issues with hiring or firing practices, your insurance helps to provide you with the resources you need to get through the situation with as minimal damage as possible. Other areas where your insurance can come in handy include:
- Improper granting of licenses and permits
- Exposures like denials or approvals for zoning
- Dismissing employees under questionable circumstances
The Big Decisions
In order for you to do your part and make big decisions as a civil servant or public official, you need to make sure you’re going through the steps with your insurance. Review your current policy and see what you need to do to fully cover yourself in the future.