When it comes to staffing, there are a number of unique risks. Every experienced recruiter is familiar with the liabilities attached to hiring and coordinating temporary employees’ schedules. Because of the specific risk factors, specialized staff insurance is the best defense against losses. A policy designed to protect your company’s assets and minimize liability is the best bet, and it can help you avoid some of the costliest disasters.
- Client Lawsuit: When you place your staff with clients, you become responsible for their performance and behavior in that workplace. This responsibility can turn into liability if your employee presents a risk. Staff insurance provides protection against resultant lawsuits and legal action initiated by the client.
- Worker’s Comp Claims: You may also liable for any worker’s comp claims your employees file. Though they are working in another company’s workplace, you bear responsibility for any injuries that occur. A specialized insurance policy can prevent worker’s compensation claims from bankrupting your agency.
- Benefits Liability: Because most of your staff is probably temporary, your obligation to offer benefits will vary. A suit from an employee for benefits coverage is costly and potentially devastating. With a policy in place, however, you can prevent such a liability.
There are plenty of reasons to invest in staff insurance, but perhaps the foremost is the peace of mind it provides. You don’t have to be vulnerable to disaster with a specialized policy on your side.