Staffing Agencies Grab Top-Tier Fiduciary Coverage Now
If you're a staffing agency looking to secure top-tier fiduciary coverage, now is the perfect time to explore your options and ensure your business is protected against potential liabilities.
Understanding Fiduciary Coverage for Staffing Agencies
Fiduciary liability insurance is a crucial component for staffing agencies, as it provides protection against claims of mismanagement of employee benefit plans. This type of coverage is essential because it safeguards your agency from legal actions related to the administration of employee benefits, such as retirement plans and health insurance1. As a staffing agency, you are responsible for managing these plans with the utmost care, and any oversight could lead to costly lawsuits.