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Employment Agencies/Staffing Insurance in 2022

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Author Alex Salciccia

What is Employment Agencies/Staffing Insurance?

Employment agencies and staffing firms provide companies with temporary or contract employees. As with any business, there is always a risk of something going wrong – whether it’s an employee lawsuit, property damage, or an accident. Employment agencies and staffing firms need insurance to protect themselves from these risks.

Employment agencies and staffing firms can purchase general liability insurance, which will protect them from most risks. However, there are some risks that general liability insurance doesn’t cover. For example, if an employee sues the agency for wrongful termination, general liability insurance won’t cover that. Employment agencies and staffing firms can purchase employment practices liability insurance, which will cover most employee lawsuits.

Employment agencies and staffing firms should also consider purchasing workers’ compensation insurance. This insurance will protect the agency if an employee is injured on the job. It’s important to note that workers’ compensation insurance is required in most states.

Employment agencies and staffing firms should also consider purchasing property insurance. This insurance will protect the agency’s property in the event of a fire, theft, or other covered loss.

Employment agencies and staffing firms should speak to an insurance agent to find the right insurance coverage for their business.

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