As the contract staffing industry grows, its vital that your agency keeps up-to-date with the changes to staff insurance regulations and laws. Just like any business, there are some basic insurance policies that your staffing company must carry, but there are also other coverages specific to the unique demands of your industry. Examples of these include,
- Owned Auto Liability
- Hired & Non-Owned Auto Liability
- Direct Hire/Executive Search & Recruitment/Retained Search Liability
- Employment Practices Liability
- Fiduciary Liability
Get the Right Insurance for Your Staffing Agency
Due to the nature of the staffing industry, your staffing company faces insurance pressures that non-staffing firms don’t experience. Contract staffing firms need to cover employees who work for other firms, while also being under the employ of your employment agency. This results in a complex relationship between your firm and your employees which requires you to review your staff insurance coverage regularly. A skilled insurance representative can assist you in navigating the ever-changing insurance landscape to ensure your firm has the coverage it needs before you need it.
Regular Policy Reviews Can Save Your Company
Smart staffing agencies keep on top of their staff insurance policies. All it takes for your company to face bankruptcy and closure is a serious accident that’s not covered by your current insurance policies. Before this happens to your business, reach out to a trusted insurance representative for a comprehensive review of your coverage.