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Staffing Company Employees

Finding Adequate Coverage for Your Staffing Company

Operating a staffing firm can be a fulfilling career path. While there is a sense of pride that comes along with helping workers and businesses find the resources they need, you also must take time to think about the unique nature of the industry your company operates within. A traditional insurance package is not usually enough to cover the specific risks you are likely to face with your company. However, there are a handful of points that can help you come to the best possible decision.

The Ins and Outs of PEO

One of the more important areas to focus on when selecting your package is PEO (professional liability insurance). Professional liability typically includes areas that you might not immediately think of when it comes to protecting your workers. Specifically, PEO helps when it comes to errors and omissions. Should some major points be left out of a contract or there is an oversight in executing certain options, this type of liability coverage ensures you come through the situation intact. Other areas to focus on with insurance include:

  • Individual policies with separate limits on each
  • Protection for client data and other digital assets
  • International scope of coverage

The Sensible Solution

While there are many factors to consider when taking out an insurance plan, finding the perfect fit simply requires a little research. Look over the details of PEO and see how you can best use this to your advantage.

Categories
Staffing Company Employees

Protecting Your Staffing Company Employees

The staffing industry is one of the fastest growing niches in the B2B marketplace, and it’s no surprise. Screening applicants and seeking out talent for niche skill sets can be expensive, so many companies outsource the process to labor providers who make it the point of their businesses. When you provide the staff to other companies, though, you need workers compensation for staffing companies that’s been priced to cover you in every state and country where you need a policy. That kind of flexibility is rare, but with the right search you can find a provider that fits the bill.

Unique Liability, Unique Policies

When your staff works at someone else’s job site, you share some liabilities with the client when employees get hurt. As the employer, you are still responsible for covering worker protection policies, but you may share some of that liability depending on the nature of the accident and the determination of negligence when the accident is investigated. This makes your risk profile different from employers whose staff works in the company’s facilities, and your insurance should reflect that. When you work with providers who are used to the unique needs of staffing companies, you can get policies written to reflect these shared risks, making them more cost effective for the coverage you receive.