Does Your Staffing Firm Have Enough Professional Liability Protection?

Professional Liability Protection

Staffing companies occupy a unique niche that requires smart insurance solutions. As the primary employer of the work force you send out to your clients, you have liability with regard to employee protection, but do you have professional liability in the same way a direct employer does? The short answer is not so short, because you do have professional liability to cover, but it’s shared with the client in some areas and possibly liability with regard to the client in others, depending on the exact situation under discussion. Since professional liability insurance for staffing firms can be so hard to generalize, it’s a good idea to check out what tailored coverage would look like for your business.

Professional Liability Coverage vs. General Liability Insurance

Your general liability policy probably covers professional liability to an extent, but the policy maximum is a combined maximum across all the areas of liability it covers. As a result, an excessive claim in one area could max out the whole plan. Some coverage gets around this by having caps in each area as well as an overall maximum, but that doesn’t solve the problem if your issue is exposure beyond the value of the insurance. Since buying more general liability coverage for one area of protection is very cost-inefficient, professional liability protection offers additional coverage in this area. It doesn’t replace general liability protection, it works with it to make sure you’re fully insured.

NEMT Insurance 101

non emergency medical transportation insurance

Non emergency medical transportation companies provide a vital service to the elderly, disabled and others who require the service. These services offer transportation for those who cannot ride fixed-route transportation or may need help going to and from medical appointments. In all businesses there are risks, but non emergency medical transportation insurance offers specialized coverages that tailor to your business. Here is what you need to know.

Basic Insurance Coverages

In the NEMT business, there are a few common coverages that most companies should look for. These coverages include:

Professional liability
Property
General liability
Umbrella
Cyber liability
Employment practices liability
Commercial auto

While there may be other policies that would benefit your business, these are the ones that you don’t want to be caught without.

Basic Insurance Process

As you shop for insurance, it’s important to look out for the policies that will suit your business the most. In addition, make sure that you pay attention to cost and exclusions. For instance, exclusions are anything that the carrier will not cover. For instance, many have exclusions that will not cover you if your company faces a sexual harassment lawsuit.

When it comes to your NEMT business, you have to have the proper protection for your business to thrive. Non emergency medical transportation insurance is a collection of policies designed to help NEMT companies.

Two Key Liability Coverages To Keep Your Staffing Firm Protected

staffing agency insurance

Having the right staffing agency insurance is critical to your success and peace of mind. With your actions impacting both your contractors and clients (and vice versa) you want to make sure all your bases are covered in case something goes wrong. In terms of liability insurance, here are two of the top coverages that you should plan to include in your policy.

General Liability

General liability is one of the most popular forms of business insurance for any industry because it protects against many of the everyday issues that come up when running a business. For staffing firms, it offers protection for lawsuits arising from injuries on your premises to claims of copyright infringement. No matter the reason, your policy will cover any expenses related to a lawsuit.

Professional Liability

As a staffing agency, it’s possible for the contractor you hire and your client to be unsatisfied with your performance. The client may be unhappy with your inability to fulfill your contract and the contractor may feel misled about the role you hired them into. In either case, your policy will be there to cover your expenses should a lawsuit be filed.

There are several other forms of liability coverage needed to round out your staffing agency insurance policy. Working with an experienced agent can ensure that you can create a policy that’s just right for you.