Medical staffing agencies often face complex insurance challenges, including the risk of costly lawsuits. From workers' compensation claims to professional liability issues, unforeseen events can jeopardize business stability.
At Mason-McBride, we understand the critical need for healthcare staffing agencies to assess the risks associated with each position. Each employee requires appropriate insurance coverage based on their job responsibilities.
With over a century of experience, our team helps temporary agencies, executive search firms, and other staffing businesses navigate their insurance needs.
Common Coverages for Staffing Agencies
Mason-McBride works closely with staffing firms, including those in healthcare, nursing, physician, allied health, and medical sectors, to develop insurance plans that help safeguard against job-related risks.
We offer a range of insurance products and services from various carriers to help protect your recruiting and staffing business. While insurance requirements for healthcare staffing agencies and medical recruitment firms may vary depending on each company's operations, most policies typically include some or all of the following coverages:
Workers Compensation Insurance:
Temporary staffing agencies have unique workers’ compensation concerns. Worker compensation insurance provides benefits to help employees recover from work-related injuries or illnesses. It can also benefit employees' families if they lose their lives in a workplace accident. Factors such as job risk, claims history, and payroll size can affect workers' compensation costs.
General Liability Insurance:
Liability insurance for staffing agencies can help protect your employment agency against claims for bodily injury, property damage, advertising injury, errors, or omissions. In addition, without this coverage, you may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Cyber Liability Insurance:
Cyber liability insurance helps staffing agencies respond to a data breach if identifiable information gets lost or stolen personally. In addition, many policies will include extortion coverage, business income protection, and systems failure, all caused by a breach.
Professional Liability Insurance:
Also known as Errors and Omissions (E&O), professional liability insurance can help protect your staffing agency from consequential loss resulting from negligence claims associated with your professional service. Professional liability claims involve allegations whereby the customer alleges they lost revenue or incurred expenses because of the negligent rendering of professional services.
Business Property Insurance:
Business property insurance covers equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, it doesn't cover mass-destruction events like floods and earthquakes.
Why Work With Mason-McBride?
As a trusted partner for medical staffing agencies, Mason-McBride offers solutions designed to address the specific risks and regulations within the healthcare and nursing industry.
At Mason-McBride, we understand the unique risks and regulations medical staffing agencies face. Our team works closely with each client to explore options that best address their individual needs.
With over a century of dedicated service, Mason-McBride has built a strong reputation for providing thoughtful guidance and reliable support to staffing agencies across the nation.
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