Risk Management for Temporary Staffing Agencies


Insurance Marketing / Wednesday, January 30th, 2019

Temporary staffing agencies provide workers for a variety of companies in vast array of industries. Having employees scattered around at different clients poses unique risks and liabilities for the staffing firm. Temporary staffing insurance and educating clients and workers can help your firm manage risk, lower costs and avoid a lawsuit.

Education

Managing risk can decrease both the staffing company’s liabilities and the tension between workers and companies. Training the company on the expectations of the staff you are providing can decrease your liability and manage their expectations. The workers should be trained on both the necessary skills needed for the position and the expectations of the staffing agency and the client company.

Insurance

Acting as the go-between for businesses and temporary or contract workers is part of running your staffing agency. Due to the unique relationship between both workers and clients, staffing agencies need to insure themselves against a variety of liabilities. Typical policies that can cover risks include:

  • Hired and non-owned auto insurance
  • General liability insurance
  • Workers compensation insurance
  • Professional liability insurance
  • Property insurance

    Check with your agent or broker to see if additional temporary staffing insurance policies are needed to cover any gaps in coverage. With a combination of education and insurance, your staffing firm can improve client relationships while saving money.

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