Insurance Needs for Employment Agencies

Staffing agencies are prone to liability risks due to the nature of the business. That’s why it’s critical to talk with your insurance agent to make sure you have the best coverage to fit your needs.

Necessary Insurance for Employment Agencies

Essential insurance for employment services includes three policy types.

  1. General Liability – This policy protects your business against many types of claims, including property damage, injuries to third-parties and issues with advertising and copyrighting. Coverage compensates those who suffer injuries and losses. It also provides coverage for your agency to help pay legal fees and settlement costs.
  2. Professional Liability – Also referred to as errors and omissions insurance, this policy protects you and your employees if a claim is filed as a result of mistakes made for professional services. Examples include placing a worker in a job for which they aren’t qualified or failing to meet contract deadlines and conditions.
  3. Workers Compensation – Most states have laws requiring employment agencies to carry some type of workers compensation insurance for those who are injured on the job. State laws can be confusing on exactly what and who they cover, however, so be sure to talk with your agent about the coverage that is best for your company.

Protect your employment agency and your employees with a comprehensive liability package.

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