In order to operate safely and responsibly, all businesses need insurance coverage. Since the purpose of a staffing agency is to put people to work, it goes without saying that worker’s comp coverage is an absolute must. However, it takes more than just a single policy to ensure the business is protected. Here’s a quick rundown of both the types of coverage that are necessary, as well as a few supplemental insurances that can better protect both you and your business:
Must Have’s…
General Liability: This coverage offers protection for third-party bodily injury and third-party damage claims.
Hired/Non-Owned Auto Liability: This coverage protects employers when an employee uses their own vehicle for work and causes third-party damages.
Umbrella Liability: A general policy that provides liability protection in excess of standard liability exposures for auto, general, and employer’s liability policies.
But, Just in Case…
Property/Business Personal Property Coverage: This policy covers damage and theft of computer equipment, furniture, and other types of business/personal property belonging to the insured.
Professional Liability: A professional liability policy covers claims based on malpractice, error, or mistake in the rendering of professional duties.
Employment Practices Liability: This coverage offers protection against lawsuits brought by employees (past, present, or prospects) or governmental entities against the insured employer, alleging wrongful discharge, discrimination, or certain types of harassment.
As a potential business owner, it’s easy to understand how the process of selecting and securing adequate insurance coverage can be intimidating. Give us a call at Emerson-Prew and we'll ensure you choose the right coverage to protect your business.
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