Healthcare staffing companies face complex risks, whether they operate in nursing, physician placement, allied health, or locum tenens staffing. Insurance considerations often include workers’ compensation, professional liability, medical malpractice, and cyber liability.
For agencies involved in healthcare recruitment or temporary staffing, reviewing coverage structures and compliance requirements is an important step toward managing risk.
At Mason-McBride, we work with healthcare staffing agencies and recruitment firms to outline insurance strategies tailored to the realities of this industry. From contract review to employment practices liability, our team provides perspective to help agencies evaluate coverage options with confidence.
Common Coverages for Staffing Agencies
Mason-McBride collaborates with healthcare staffing agencies of all types, including nursing, physician placement, allied health, locum tenens, and medical recruitment firms, to develop insurance strategies that mitigate job-related risks.
While insurance requirements vary based on operations, common coverages for medical staffing agencies include:
Workers Compensation Insurance:
Healthcare staffing agencies face unique workers’ compensation exposures. This coverage can provide benefits to employees recovering from work-related injuries or illnesses and may extend support to families in the event of a workplace fatality. Factors such as job duties, payroll size, and claims history typically affect costs.
General Liability Insurance:
General liability coverage can help protect your employment agency against claims related to bodily injury, property damage, advertising injury, or certain allegations of errors or omissions. Without this coverage, your business may be responsible for legal costs, including attorney fees and settlements.
Cyber Liability Insurance:
Cyber liability insurance helps address data breaches involving personally identifiable information. Many policies can also include extortion coverage, business income protection, and systems failure due to a cyber event.
Professional Liability Insurance:
Professional liability, also known as E&O, helps protect against claims of negligence tied to professional services. A claim could arise if a client alleges financial loss due to an error, omission, or placement issue involving a healthcare professional.
Business Property Insurance:
Business property insurance is designed to cover physical assets such as equipment, signage, inventory, and furniture in the event of fire, storm damage, or theft. However, coverage for large-scale disasters like floods and earthquakes typically requires a separate policy.
Employment Practices Liability (EPLI)
Medical staffing agencies face potential legal challenges related to employment practices, including allegations of wrongful termination, discrimination, harassment, and wage disputes. EPLI can help protect against claims brought by employees or applicants, covering legal defense costs and potential settlements.
Why Work With Mason-McBride?
We understand the operational challenges healthcare staffing and recruitment agencies face, from workers’ compensation management to navigating medical malpractice exposure. Our team works closely with each client to review coverage options and provide perspective on risk management strategies.
Ready to Explore Your Options?
If you’d like to discuss insurance solutions for your healthcare staffing or recruitment agency, use the form below to start the conversation.
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