Cut Costs Now Ultimate Staffing Firm Insurance Solution
Key Insurance Types for Staffing Firms
Staffing firms typically require a range of insurance policies to cover different aspects of their operations. Here are some essential types:
- General Liability Insurance: This policy covers third-party claims related to bodily injury, property damage, and advertising injuries. It's a foundational policy that protects against common risks.
- Professional Liability Insurance: Also known as Errors & Omissions Insurance, this protects the firm against claims of negligence or inadequate work. Given the nature of staffing services, this coverage is crucial.
- Workers' Compensation Insurance: Required in most states, this policy covers medical expenses and lost wages for employees injured on the job. It's essential for staffing firms that employ temporary or contract workers.
- Cyber Liability Insurance: With increasing reliance on digital systems, this policy protects against data breaches and cyber-attacks, safeguarding sensitive client and employee information.