Staffing agencies face many different challenges because they have to find the employees as well as the jobs. You will also need the right insurance packages for your offices, your employees and even your vendor management services in case something goes wrong. The right insurance coverage can mean the difference between bouncing back from damages and going bankrupt in paying them. Many insurance providers will also help you reduce your risks of damages and liability to help keep your claims to a minimum.
Some of the plans included in your staffing agency insurance coverage are general liability, workers compensation and liability specific to the type of staff you have. For instance, if you help home nurses find clients, then you will need to carry allied medical liability for them. When you sit down with an agency which provides insurance to staffing companies, you can go over your specific risks and which packages will offer the most benefits for those risks.
Vendor management services insurance can be more complicated than you think, but it can also be easier to find than you fear. By sitting down with an agent in the industry, you can go over your risks and liabilities to see where you need the most coverage. This can help you tailor your insurance to fit your company, your clients and your employees with less hassle.