Staffing agencies have unique insurance concerns. Lawsuits are a costly reality for staffing agencies. From workers' compensation claims to professional liability risks, unexpected events can threaten your business.
At Mason-McBride, we understand that staffing agencies must be aware of the risks associated with each type of job they fill. Each employee must be covered with the correct insurance amount for the job.
Our team has over 100 years of experience helping business leaders including temporary agencies, executive search firms, and everything in between navigate their insurance needs.
Typical Coverages for Staffing Agencies
Mason-McBride works closely with staffing firms of all sizes and specialties to develop insurance plans tailored to your needs.
We offer a range of insurance products and services from various carriers to help you protect your business and your employees. Staffing agency insurance requirements may vary by each company and their operations, but you can typically expect to find some or all of the following in most policies:
Workers Compensation Insurance:
Temporary staffing agencies have unique workers’ compensation concerns. Worker compensation insurance provides benefits to help employees recover from work-related injuries or illnesses. It can also benefit employees' families if they lose their lives in a workplace accident. Factors such as job risk, claims history and payroll size can affect workers' compensation costs.
General Liability Insurance:
Liability insurance for staffing agencies can help protect your employment agency against claims for bodily injury, property damage, advertising injury, errors, or omissions. In addition, without this coverage, you may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Cyber Liability Insurance:
Cyber liability insurance helps staffing agencies respond to a data breach if identifiable information gets lost or stolen personally. In addition, many policies will include extortion coverage, business income protection, and systems failure, all caused by a breach.
Professional Liability Insurance:
Also known as Errors and Omissions (E&O), professional liability insurance can help protect your staffing agency from consequential loss resulting from negligence claims associated with your professional service. Professional liability claims involve allegations whereby the customer alleges they lost revenue or incurred expenses because of the negligent rendering of professional services.
Business Property Insurance:
Business property insurance covers equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, it doesn't cover mass-destruction events like floods and earthquakes.
Why Work With Mason-McBride?
We assist a wide range of staffing agencies, including those in accounting & finance, healthcare, manufacturing, logistics, technology, and industrial sectors, with their insurance needs.
At Mason-McBride, we understand the unique risks and regulations staffing agencies face. Our team collaborates with each client to explore their options and develop an insurance plan suited to their specific needs.
For over 100 years, Mason-McBride, a local Michigan business, has been dedicated to providing staffing agencies with personalized guidance.
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