Your company provides people to work at your clients’ businesses, but you are responsible for their actions and for protecting them from workplace injuries, illnesses and discrimination. You need these five kinds of insurance to protect you.
1. General Liability Insurance
This insurance protects you against claims that your employee(s) caused bodily injury and property or other damage while at your clients’ businesses.
2. Professional Liability Insurance
This insurance protects you against claims that your clients suffered financial loss as a result of your placement of or the work performed by your employees.
3. Workers’ Compensation Insurance
Staffing companies face unique issues that differ from traditional programs. Statutory work comp provides medical coverage and income replacement to employees who are injured or become ill at work. Staffing Worker’s Compensation Insurance covers:
- Lost wages from being unable to work
- Medical expenses
- Permanent disability
- Death benefits
4. Employee Benefits Liability Insurance
Under the Affordable Care Act, if you have over 50 employees you must offer heath insurance benefits to those who work over 30 hours a week. Since your employees may not consistently work 30+ hours a week, this mandate puts you at risk for errors and omissions. Staffing Employee Benefits Liability Insurance protects you against negligent acts in the administration of your employee benefit plan.
5. Employment Practices Liability Insurance
This insurance protects you from claims of discrimination, sexual harassment, wrongful termination, etc. by:
- Employees, including those in-house
These five kinds of temporary staffing insurance address the major responsibility and protection issues that arise in your business.