Professional and General Liability for the Staffing Industry

Staffing insurance

Staffing insurance

Liability insurance is essential in any industry. The staffing industry is no different. New laws and litigation sometimes make life tougher for corporations. They need to be careful, but they also need insurance. Key staffing insurancepolicies can help protect a company’s financial interests when someone tries to sue them. These might include the following policies:

  • Professional liability
  • General liability
  • Worker’s compensation
  • Employee practices liability
  • Employee benefits liability

What is Professional Liability Insurance?

Professional liability comes up when someone believes they have had a financial loss due to someone’s services. This could be a permanent employee or contractor. This may often pertain to a contract, but it could be faulty work in other areas, such as engineering, IT work, or accounting. A staffing insurance company might offer special policies for payroll companies, contract employees, and contract-to-hire employees.

What is General Liability Insurance?

General liability is designed to cover claims that deal with damage to property or bodily injury such as that which might occur from a motor vehicle collision. Defining an employee’s status may be important here, but they should be covered to the extent that they were working under contract. There is a deductible with this, but it will not apply to defense costs.

Why Employment Practices Liability is Important

Employment practices policies covers issues like wrongful termination and claims of discrimination based on religion, sexual orientation, gender, or ethnicity. This also covers sexual harassment. All of these issues are covered whether in the staffing firm’s workplace or the client’s workplace.

Worker’s Compensation in Staffing Industry

When anybody is hurt on the job, a worker’s compensation claim is required. This is another staffing insurance policy a firm needs to carry. Legitimate claim will cover medical costs, lost wages, rehabilitation expenses, as well as disability.

Frank

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