When a workplace hires employees, they then become responsible for those workers and what they do with regards to the business. However, this works specifically with permanent or long-term employees. In the case of staffing agencies, employment is temporary for the business hiring out and insurance responsibilities are taken care of by the staffing agency. This means, if while working a temporary job, someone were to cause a problem or claim, that business would not be able to use their insurance to cover the costs. Instead, staffing insurance solutions are necessary for the agency to acquire before hiring out temporary staff.
What Type of Insurance Is Needed for Staffing?
Since every staffing agency is different, it’s important to think in terms of what types of jobs your employees will work and what risks they may be at. In broad terms, though, there are a few staffing insurance policies you should highly consider in any situation:
Errors and Omissions (E&O)
Employment Practices Liability (EPL)
However, this is just a fraction of available coverage. Staffing insurance solutions typically include programs with a variety of helpful policies. Some others that may be necessary depending on the workplace can include different types of Professional or Business Liability, Automobile Coverage, Inland Marine, Fiduciary Liability, Employee Benefits Liability and much more.