What is good insurance? The answer is different for every industry. For instance, homeowners need financial backing in the event of a fire or burglary, so they can replace what they’ve lost. However, in the case of staffing insurance, it gets a bit more complicated.
Staffing Industry Trends
A staffing insurance provider should have its agents inform you of important changes in regulatory standards and common issues over the course of your business partnership. If they keep you well informed, you don’t have to worry about spending valuable and limited resources on doing the intense and meticulous research on your own. Furthermore, you can make savvier decisions for your company.
The easiest way to avoid a lawsuit or customer claim is to reduce risks and liabilities as much as possible. How do you do that? Ask your agent. It is his or her job to understand the risks of the staffing industry overall as well as the challenges that are unique to your niche. If a prospective agent doesn’t seem well informed on these issues, move on and consult with whoever is next on your list.
A staffing insurance provider is a business partner. Your insurance agent should help you with more than getting money to settle claims and legal fees. The agency should be as invested in your success as you are, so be sure to thoroughly consult before committing to a policy.