Lawsuits and claims are a costly reality for staffing agencies. From workers' compensation claims to professional liability risks, unexpected events can create significant financial challenges for your business.
At Mason-McBride, we recognize that staffing agencies must carefully evaluate the risks associated with each placement. Your business's protection and success depend on ensuring employees have appropriate coverage for their roles.
With over a century of experience, we continually collaborate with our partners and carriers to develop coverage options even for hard-to-place risks.
Coverage Solutions for Modern Staffing Operations
Staffing firms handle various types of placements and encounter unique risks through their role in recruiting, hiring, and providing temporary and permanent staff across various organizations.
We offer access to a broad range of insurance solutions, including specialized staffing programs and coverages that many providers don't make widely available. We monitor the industry constantly at both regulatory and business levels to identify emerging trends and adapt our offerings accordingly.
While coverage requirements vary by company and industry, most staffing firms typically consider the following
Workers Compensation Insurance:
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:
General liability insurance helps protect staffing firms from claims related to bodily injury, property damage, advertising injury, and specific errors or omissions. Legal expenses, such as attorney fees and settlements, may become out-of-pocket costs without this coverage.
Cyber Liability Insurance:
Cyber liability insurance can help staffing firms respond to data breaches involving personally identifiable information. Many policies also include coverage for extortion, business income loss, and system failures resulting from a cyberattack.
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?
Mason-McBride delivers specialized risk management and insurance solutions that address the unique challenges faced by today's staffing agencies.
Our experienced advisors partner closely with your team to conduct thorough risk assessments addressing both placement-specific and operational exposures.
For over a century, Mason-McBride has served as a trusted advisor, with particular expertise in supporting staffing agencies through industry cycles and evolving workforce trends.
Our enduring success stems from our commitment to responsive service, transparent guidance, and a deep understanding of the staffing ecosystem.
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