Running a staffing firm comes with a ton of complicated responsibilities. Unlike other industries, which deal with more straightforward services, the nature of your business puts you in an odd place when it comes to insurance. In order for you to fully protect your company, you need to understand the intricacies of insurance for staffing firms and how to put together a policy that completely covers all potential risks. Use these points to learn more about your options.
The Core Component
The biggest part of selecting appropriate staffing liability insurance is understanding the most commonplace risks of your industry. With staffing, you can deal with issues from the contractors you hire as temps, the businesses that come to you as clients, and even your own internal team. This means that you want your liability coverage to include areas like placement, which helps to protect you in the event you are unable to secure contractors with worth within a set amount of time. Other areas to focus on when selecting insurance for your staffing firm can include:
- Coverage for services provides
- Insurance for work performed by contractors
- Standard workers’ compensation for your internal employees
The Best Fit
By addressing the common risks of your industry first, you are most likely to find a liability plan that suits your needs. Review your options and discover how to fully protect your business from the dangers of tomorrow.