Temporary staffing agencies keep companies running during worker shortages. They also help employers find the best talent for competitive positions. If you run a staffing agency, you don’t only help other companies with their workers, you manage your own. Accordingly, you encounter a litany of legal risks every single day. To protect your firm from potentially costly lawsuits, you must have a strategy. Temporary staffing insurance is a critical component of any action plan.
Temporary staffing agencies are often the intermediaries between workers and companies. As such, they frequently face friction from both sides. To avoid liability, you may want to purchase the following types of insurance for relationship-management purposes:
- General liability insurance
- Professional liability insurance
- Workers’ compensation insurance
- Property insurance
- Automobile insurance
Training both contract employees and client companies has a place in your risk management strategy. By collaborating with the right insurance partner, you receive access to the educational tools you need to facilitate training, control costs, and avoid liability.
With the right temporary staffing insurance policy, you protect your firm from a variety of damages. Of course, you probably can’t choose the perfect coverage package without some professional help. By working with a competent agent who services temporary staffing firms, you generally increase your chances of avoiding costly litigation.