There are countless challenges that come along with running a temp agency. One of the biggest obstacles you are likely to face is finding the best possible insurance plan. Unlike the policies taken out by businesses in more traditional industries, insurance plans for staffing agencies must be tailored to meet the specific demands of your line of work. This is most apparent with insurance related to your employees. Review these points to gain more perspective on how to find the best policy for your business.
A Specialized Workers’ Comp Plan
The main point to understand about workers comp insurance for temp agencies is that the temporary workers employed by your establishment cannot be covered in the same way as your full-time staff. Since the temps fall into a special category of employment, you need to go above and beyond to find a plan that is meant to cover staff of this status. Failing to take out appropriate coverage for workers’ compensation can lead to a mess of legal and financial issues for your company. Other options to consider with your plan include:
- D&O liability coverage
- E&O policy
- Commercial auto plan
Learn About Coverage Options
In order to find the best possible insurance plan, you need to take time to think about the specific risks of your industry. Take time to review your options and learn more about how to find workers’ comp that fits your needs.