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.

Categories
Property Insurance

Understanding High Net Worth Property Insurance

Insurance needs change based around a few factors. On the one hand, many policies are dictated based around a person’s own history with insurance. The fewer claims made, the easier it is to find a policy that appeals to your sensibilities. However, there are some extraneous factors that play a huge part in what policy is best for your needs. Your income and the value of your property, for example, have a huge impact on what policy will make the most sense. For many, high net worth property insurance is a must.

What Is High Net Worth Property Insurance?

Property is always expensive. Still, some buildings are worth a lot more than others. This means that you can’t just opt for a standard insurance policy to cover all of the risks you face. While theft is always a concern for people who own buildings, properties that house more valuable items are bigger targets. Insurance policies structured for such properties will typically include protection for items that are stored in the home. This coverage also helps you maintain the estimated value of the real estate itself. Additional considerations to take include:

  • The state of property when purchased
  • How often the real estate is used
  • The estimated value of custom features of the property

Insure Based on Your Actual Needs

Though all people should be treated as equals, the same can’t be said for insurance packages. Look over the details to see how the value of your real estate changes what coverage is most appropriate.