Staffing agencies need special insurance due to the unique nature of their business. Temporary staffing insurance programs protect your company from the added exposures of your industry.
Recommended Coverage Types
Your temporary employment agency may experience gaps in coverage if you only obtain a general liability policy. Because your employees work at the locations of other businesses, you face different risks than most companies. You have liability for your employees’ actions and also for their workplace rights. You have less control over the work conditions since your clients supervise your employees.
There are several additional policies and endorsements you may want to consider for comprehensive protection for your company:
- Workers’ compensationinsurance helps pay for medical costs and lost work time when employees suffer injuries or illnesses while carrying out job tasks.
- Professional liabilitypolicies protect your firm from legal claims alleging financial loss due to the actions of employees you placed with your clients.
- Employment practices liabilityinsurance safeguards your agency from lawsuits claiming issues such as sexual harassment, discrimination and wrongful termination.
- Commercial crimeinsurance protects your business from theft, fraud, forgery and other crimes.
- Commercial property coverage helps mitigate the repair or replacement costs for business-owned real estate, equipment or furniture.
Temporary staffing insurance programs from providers who specialize in this field help reduce the unique risks of your business. Discuss the needs of your company with an experienced agent.