Protecting your business starts with sensible insurance. Though this might seem like a given, there are many factors that can influence your final decision on this matter. If you operate a staffing agency, you need to take extra precautions in order to cover the gaps created by standard policies. Consider these tips to find the most practical fit for your company and cover all of your bases.
Assess the Risks
When it comes to discovering the right insurance, the experts at World Wide Specialty Programs suggest first assessing your risks. The obstacles you face in the staffing industry will be quite different than those across other fields. For example, the workers you send to clients to cover temporary positions fall into a certain category when it comes to insurance. If you don’t take this to heart when selecting a plan, you could leave yourself liable in the event something goes wrong with this contractor. Other areas you should pay attention to with insurance for staffing firms include:
- Workers’ compensation coverage
- Directors and officers coverage
- Errors and omissions coverage
Review Your Options
While it can seem like there are a lot of variables at play with insuring your business, you can easily find a practical solution with a little research. Review the risks facing your staffing firm and find a policy that will help you stay protected from the unknown.