Many staffing agencies aren’t equipped with the right insurance coverage they need to protect their workers. With so few companies offering a good selection of staffing agency insurance products for them to choose from, it may seem like there is no right or wrong choice. If you want the best in insurance for your firm, you’ll need to step up your research game and investigate a little deeper.
Compare Apples to Apples
You’d think the research aspect of selecting staffing agency insurance would be easy since there isn’t a large selection of insurers for you to choose from. If anything, the shortage of insurers should make it easier for you to invest the time that is needed to do a thorough comparison of what each one has to offer your staffing firm. As you are evaluating your options, be sure to check each policy for essential provisions and optional ones.
Trim the Fat
As you are finalizing your insurer selection, give careful consideration to any options that your business doesn’t need. For example, maybe you need a lower liability level. It’s okay for you to reject and modify any options that are available. Doing so can make your policy a better fit for your staffing agency and more budget-friendly on your expenses as well.
It’s always best for you to work directly with an insurance agent so that your situation and company coverage needs get the personalized attention they deserve.