Insurance for Staffing Agencies in Gainesville, GA
Staffing agencies can be essential in connecting employers with skilled candidates, yet they may encounter distinct risks that require insurance coverage. By understanding recommended insurance options, staffing agencies can effectively safeguard their business, employees and clients financially.
What Insurance Do Staffing Agencies Need?
The following types of insurance may be suitable for staffing agencies:
- General liability insurance is essential for any business, including staffing agencies. It can financially protect against claims of bodily injury, property damage and personal injury that may occur on the agency’s premises or as a result of its operations.
- Professional liability insurance can help cover claims related to professional mistakes or negligence. For staffing agencies, this could include errors in candidate placement or failure to perform background checks.
- Workers’ compensation insurance can help employees receive medical benefits and wage replacement if they are injured on the job. Staffing agencies must typically have workers’ compensation insurance for their temporary and permanent employees.
- Employment practices liability insurance (EPLI) can protect staffing agencies from claims related to employment practices, such as wrongful termination, discrimination and harassment. Given the high turnover and diverse workforce in staffing agencies, EPLI can be a critical component of their insurance portfolio.
- Cyber liability insurance can assist in covering expenses related to data breaches, such as notification costs, legal fees and credit monitoring for those affected. As staffing agencies increasingly depend on digital platforms for recruitment and data storage, they may become more susceptible to cyberattacks.
- Commercial auto insurance can help cover the cost of accidents involving company vehicles. If a staffing agency uses vehicles for business purposes, commercial auto insurance is typically necessary.
Learn More
For business insurance near you, contact Craddock Insurance Services.