When it comes to staffing firm insurance, you need to know how to cover your assets. To help you understand what you need to know, we have listed all the components of the insurance coverage you need along with the definitions.
It's important to work with insurance providers who understand the staffing industry. Staffing can be unlike any other industry, and when you work with an experienced insurance provider they'll be able to help you navigate the challenges and risks posed to staffing firms.
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What you need to have as a staffing agency
This insurance can protect your business’ physical location from a sudden disaster or incident that damages your property such as fire, theft, vandalism and weather events (check for exclusions). Home-based business insurance is also available if you plan to work out of your home.
This is a hot button with the recent changes in the law. While you may not be an “Applicable Large Employer” for a while, some clients now require their staffing partners to offer a program. It has also been proven that employees with medical coverage through their staffing employer stay 57% longer. This reduces your hiring costs and increases customer satisfaction.