Innovative Insurance Solutions for the Staffing Industry

Innovative Insurance Solutions for the Staffing Industry

As a staffing firm, the relationships you have with your clients can introduce further complications into the task of managing employees. They’re governed by the client’s policies while onsite and directly supervised by its management staff, but at the same time, they’re also subject to your own rules and regulations. Additionally, new guidelines set down by the National Labor Relations Board stipulate that these contract employees may be co-employed by both staffing firms and clients. Thankfully, staffing insurance solutions exist to address these kinds of complexities, including employment practices liability coverage that protects both you and your customers.

Robust Protection Designed for Staffing Firms

You follow legal and ethical guidelines in hiring and managing your contract employees, but honest misunderstandings or even blatant wrongdoing can always occur. Employment practices liability policies exist to safeguard staffing companies from significant fiduciary losses due to employment-related claims such as:

  • Discrimination
  • Sexual harassment
  • Constructive discharge
  • Failure to promote
  • Wrongful termination

One Piece of the Whole Puzzle

Of course, employment practices liability insurance is just one avenue of protecting yours and your clients’ future. Along with other indemnity options like fiduciary liability, employee benefits liability, workers compensation and other kinds of coverage, your staffing insurance broker can recommend sound, comprehensive tools and strategies to keep your business resilient, healthy and ready to face the challenges ahead.

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