Staffing firms play an important role in the modern marketplace. Not only do they locate talented workers, they help short-handed employers meet their personal needs. Of course, anyone who manages a staffing agency knows the unique challenges the industry faces. Staff insurance helps agency owners and administrators better manage risks.
Staffing agencies often warrant to their clients that they have thoroughly investigated the background and work eligibility of their workers. If someone falls through the cracks and the client suffers harm, the staffing agency may be found to be legally responsible for damages.
With the right policy, agency owners safeguard against legal challenges. Generally, savvy owners choose to purchase the following types of coverage:
- General liability insurance
- Property insurance
- Automobile insurance
- Umbrella insurance
Usually, staffing firms need the same foundational policies that other businesses use. Depending on the industry the agency services, agency owners may also choose to buy professional liability coverage, director and officer insurance, and other types of policies.
Instead of leaving the success of their firms to chance, staffing agency owners and managers often rely on staff insurance to help limit legal liability and exposure. By collaborating with a skilled agent, anyone at a staffing agency can likely choose the comprehensive, tailored policy to best meet the agency’s needs.