Taking out appropriate insurance is key to the long-term success of your staffing firm. Though some areas of insuring your business can seem straightforward, the nature of the work conducted in your industry can create certain problems. For example, the temporary workers you contract will fall into a special category of employment. This means a traditional liability policy won’t be enough to cover all possible risks your agency might encounter. Learn more about professional liability to protect your assets to the best of your abilities.
What You Need To Know About Professional Liability
A plan involving malpractice insurance for staffing agencies covers a few key areas of the arrangement between temporary workers and clients. A policy will cover exposures related to placement of the workers, quality of the services provided, and overall performance of the temporary employee. In the event that a problem comes about in one of these categories, your policy will cover you. Other areas that you should consider when taking out insurance for your firm can include:
- Workers’ compensation coverage
- Commercial vehicle policies
- Errors and omissions liability coverage
Protect Your Business
To properly shield your business from harm, you need to take time to consider all of the risks that are inherent in your industry. The more you know, the easier it will be to take out a policy that keeps your staffing firm protected from all possible threats.