Providing labor to other businesses when they need it for specific projects, overflow orders, and other events that change their workforce needs for the short-term is a unique business model because of the way liability can be shared with the client under some circumstances but not others. Your business can be found liable for mistakes and shoddy workmanship by the staff you send to a client, and you also have to consider your own general liability needs. That’s why temporary staffing insurance from a company with a dedicated program is so important to your risk management strategy.
Benefits of Industry-Specific Liability Coverage
Staffing companies are not the only ones who benefit from industry-specific coverage. It is a popular choice in many sectors because of the way tailored coverage can save a business money while eliminating gaps in policy coverage. That’s because a tailored liability insurance policy is actually several of them rolled into one.
- General liability to suit your company’s size and operations
- Professional liability drafted specifically for temporary staffing agencies
- Premises liability as needed to cover your own offices
- Additional extended coverage and umbrella policy options as needed
By bringing all these insurance options together, temporary staffing insurance companies can make a policy that is just the right amount of coverage with exclusions that don’t leave you open to liability. To learn more about how a policy like this will affect your coverage costs and limits, contact an insurance provider with a relevant program and ask for a quote.