If you are currently the owner/operator of a staffing agency, chances are that if you don’t already have temporary staffing insurance, then you’re probably looking at coverage options for your PEO, recruitment agency or employment agency, since you know all too well the importance of having policies in place to protect your interests and the interests of the company.
The tasks of a Human Resources department are becoming increasingly complicated and there are many issues that need to be addressed on an ongoing basis. Administrative burdens and compliance work related to being an employer, while a necessary component of the job, simply do not add any value to the business you’re running. You need to have access to programs that will simplify running your business, while helping to enhance profits for the staffing industry.
Programs designed to free you up to develop growth, profits
Certain functions are necessary in the daily operations of any business model. However, they often mean dividing your time between being compliant, and becoming profitable. When you’re relieved from having to deal with the business end of running your company, you become free to focus on its core function of expansion and goals. After all, your clients can quite easily enlist the aid of another staffing firm if you can’t provide the services they need in a timely manner.
Profit and efficiency are secured by outsourcing many of the cumbersome details of the company’s daily operations to professionals trained to deal with many of these pressing issues. Once that is taken care of, the time is ripe to focus on hiring, and monitoring recruits on their capabilities, ensuring that your customers are receiving quality, experienced candidates able to fill any voids at their companies and keep them on track.
Insurance for the staffing industry
Take note of some important, and necessary coverage options related to running a staffing agency, which includes:
- PEO Workers Compensation
- Group Health Insurance Staffing
- Captive programs
- Employment Practices
- Risk management & safety
- Comprehensive Employee Assistance Program (EAP)
- Drug-free workplace
- Risk management and safety inspections
- Employee benefits, and
- Voluntary (supplemental) products
Running a staffing agency should be a rewarding experience. After all, you’re helping individuals secure work, and companies meet deadlines. Temporary staffing insurance is a key element to maintaining your level of success.