Looking for Staffing Agency Insurance in Troy, Michigan?
Proper insurance coverage is essential for staffing agencies because they serve as intermediaries between employers and employees. Liability risks can arise if anything goes wrong on either end. However, finding the coverage you need can be relatively straightforward
Typical Coverages for Staffing Agencies
There are several coverage options available to add to your business insurance policy to help protect your company.
Some of the notable exposures currently drawing attention in the marketplace are:
Workers Compensation Insurance:
Workers' compensation insurance provides benefits to employees to assist with recovery from work-related injuries or illnesses. It can also offer benefits to employees' families if they pass away in a workplace accident. Different factors, such as job risk, claims history, and payroll size, can affect workers' compensation costs.
General Liability Insurance:
General liability insurance can help protect your business against claims for bodily injury, property damage, advertising injury, and certain allegations of errors or omissions. Without this coverage, businesses may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Cyber Liability Insurance:
Cyber liability insurance can help your business respond to a data breach if personally identifiable information is compromised. Some policies include extortion coverage, business income protection, and system failure coverage resulting from a breach.
Professional Liability Insurance:
Also known as Errors and Omissions (E&O), professional liability insurance can help protect your business from financial losses due to negligence claims associated with your professional service. Professional liability claims often involve allegations that a client lost revenue or incurred expenses due to alleged errors or omissions in professional services.
Business Property Insurance:
Business property insurance covers equipment, signage, inventory, and furniture against losses from fire, storms, or theft. However, it typically does not cover mass-destruction events like floods and earthquakes.
Why Work With Mason-McBride?
As a locally owned business in Troy, our clients are at the core of everything we do. We offer advice and counsel based on our 100+ year history in Michigan.
At Mason-McBride, we have a team of professionals dedicated to providing guidance and service. Our team in Troy has helped businesses manage risk for over a century. We believe in acting in the best interest of our clients, employees, and the community.
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