Every staffing company goes through the process of deciding where to spend money on coverage, but some policy types are more important than others. Whether you’re currently browsing https://www.wwspi.com/ or need some direction, here are a couple crucial pointers.
Don’t Skimp on a Thorough General Liability Policy
Of all the insurance policies your company will consider buying, a good general liability insurance policy is likely the most important. This is because it provides coverage for a huge array of events that could crop up during the normal course of business. For example, it can provide your company protections for occurrences like:
- Slander or libel
- Property damage
- Intellectual property cases
- Third-party lawsuits
- Bodily injury
Decide Whether You Need Worker’s Comp and E&O Coverage, Too
Once you’ve secured the right general liability policy, your next step is to consider whether getting E & O coverage and worker’s compensation coverage would be appropriate for your line of work and the industries your firm staffs. For example, if you provide labor for construction companies, worker’s comp may be necessary in the event of an on-site employee injury.
You may come across a lot of different insurance policies for staffing companies, but a few stand out as truly necessary. If you want the essentials to protect your business and the employees you send out, keep this short list on hand.