The 2 Key Facts You Might Not Have Known About Getting Your Staffing Firm Properly Insured
While browsing through https://www.wwspi.com/ to search for the perfect policy for your staffing firm, you may have realized that you’re not sure what direction to head in for your coverage. Sifting through insurance information can seem disorienting, but there are a couple key facts that you should absolutely be aware of to secure the best-fit policy for your agency.
1. Make Sure You Purchase Adequate Coverage for Any Highly Valuable Company Assets
Part of having insurance in place is for legal protections, but another important reason to get a good policy is to be covered financially. Make sure whatever policy you buy adequately covers your company’s most valuable assets.
2. Choose Coverage From At Least Three Main Insurance Categories
While you may think you only need a single insurance type for your staffing agency, you likely will actually need at least three different types. These cover:
- Errors and omissions, or E & O, insurance, also called professional liability coverage
- General liability coverage, which is helpful for a wide range of occurrences, from third-party damages to intellectual property lawsuits
- Worker’s compensation, which covers employees’ salaries and expenses if they’re hurt while at work
As you look for your agency’s ideal insurance policy, it can be easy to feel overwhelmed navigating all the options. If you follow these two guidelines, however, you can work through the noise and identify the coverage that’s best suited to your firm.
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