No matter how large or how small your staffing agency is, it is imperative that you make sure it’s well protected with quality staffing agency insurance. With most businesses, their degree of coverage is usually determined by the value of their assets, but when it comes to staffing agencies their assets are human beings. So how do you make sure that your up-and-coming staffing agency is well-insulated from all manner of legal and financial mishaps that it has yet to experience?
From the Ground Up
You should be thinking about staffing insurance even if you haven’t opened your agency just yet. Insurance might be the last thing on your mind, but it should be one of the first things that you start planning for. As you’re making out your business plan, it’s a good idea to schedule a meeting with an insurance agent who specializes in staffing agency insurance so that you can make sure you, your employees, and your business have the protection you need. There are several different types of coverage to choose from, so you’ll want to give yourself plenty of time to look over the different types of coverage offered to see if they match up with the unique demands of your individual business and your industry.
Even if your staffing agency has been up and running for a while and you still have coverage, it’s a good idea to meet with your insurance provider to make sure your insurance needs haven’t changed recently and that there aren’t any insurance gaps that you need to be concerned with.