Three Essential Types of Insurance for Staffing Agencies


Staffing agencies often must choose from a wide variety of professional insurance policies. As a result, it can be easy for decision-makers at these agencies to overlook crucial areas of coverage when selecting staffing insurance. To ensure proper protection, these individuals should consider the following policy additions, which most staffing agencies cannot afford to overlook.

Hired and Non-Owned Auto

Hired and non-owned auto insurance addresses various situations that could lead to liability for a staffing firm. This insurance can cover accidents that occur under the following circumstances:

  • The staffing firm rents vehicles for employee use.
  • Staffing firm employees use personal vehicles for staffing firm purposes.
  • Staffing firm employees drive rented or personal vehicles while working for clients.

Business auto and personal auto insurance typically will not cover accidents that occur under these circumstances. Without hired and non-owned auto insurance, staffing agencies may be left facing costly expenses.

Professional Liability

For staffing agencies that place highly skilled workers, professional liability insurance is an advisable addition to a staffing insurance policy. This insurance protects against errors or oversights on the part of placed employees. This coverage can apply to accountants, attorneys, architects, engineers and various other professionals who might face high-cost claims.

Cyber Liability

Cyber liability is a growing threat for most businesses. Staffing agencies may face claims for cyber breaches that result in the loss of sensitive information about employees, clients or both. General professional insurance policies will not cover these claims, which makes cyber liability coverage essential.

Finding the Optimal Solution

Since staffing agencies often face unique risks, the advice of an insurance agent who is familiar with this industry can be invaluable. An agent can help a staffing agency make sure that no important areas of risk are overlooked or inadequately addressed.

This post was written by , posted on June 3, 2015 Wednesday at 5:45 pm