Operating a staffing firm can offer a handful of unique challenges to business owners. Above all else, finding the right insurance can be a bit more complicated than many realize. Since placing temporary workers with clients can create some unique issues, you want to be sure to review exactly how to take out a plan that fully protects you from all threats. Give yourself a moment to consider these suggestions and find a policy that best meets your needs.
Assess the Risks
The first step toward finding acceptable insurance for staffing agencies is reviewing your risks. More often than not, the issues you are likely to encounter will have to do with the placement of your temp workers and the way that they perform for the clients you place them with. However, you will also likely need to look into additional insurance options for workers’ compensation. Taking time to look into the details of this coverage can offer insight on what is best for your specific business. Other areas to consider can include:
- E&O coverage options
- D&O policies
- Commercial auto coverage
Review Policy Options
Though running a staffing agency can be difficult, it is far from impossible. As long as you take time to research your options, you will be able to discover a policy that perfectly fits the needs of your firm.