Save Big on Insurance Renewal for Staffing Agencies!
Key Insurance Types for Staffing Agencies
When renewing your insurance, it's essential to consider the various types of coverage that are critical for staffing agencies:
- General Liability Insurance: This covers claims of bodily injury or property damage caused by your business operations. It's essential for protecting against accidents that could occur at your office or client locations.
- Professional Liability Insurance: Also known as Errors and Omissions (E&O) insurance, this policy covers claims of negligence or failure to deliver promised services. Given the nature of staffing work, this is crucial for defending against client lawsuits.
- Workers' Compensation Insurance: This is mandatory in most states and covers medical expenses and lost wages for employees injured on the job. Staffing agencies must ensure their policies cover temporary and contract workers.
- Cyber Liability Insurance: As staffing agencies handle sensitive client and employee data, cyber liability insurance protects against data breaches and cyberattacks.