Healthcare staffing agencies face unique risks when placing doctors, nurses, and other medical professionals. Mason-McBride provides access to insurance solutions designed to help protect New York staffing firms that operate in the healthcare industry.
Common Coverages for New York Healthcare Staffing Firms
Operating a medical staffing agency in New York requires careful consideration of various insurance types to protect against the unique risks involved.
While insurance requirements vary based on operations, some common coverages for medical staffing agencies in New York include:
Workers Compensation Insurance:
New York law requires staffing firms to carry workers’ compensation coverage for W-2 employees. This is especially important for agencies placing nurses and doctors into hospitals, urgent care centers, and long-term care facilities. Premiums are influenced by job classification, claims history, and payroll size.
General Liability Insurance:
General liability coverage can help protect your staffing 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:
Staffing agencies handle sensitive personal and medical information, making them frequent targets of cyberattacks. Cyber liability policies can include data breach response, business interruption coverage, and ransom/extortion protection.
Professional Liability Insurance:
Also known as Errors and Omissions (E&O), this coverage helps protect your staffing agency from claims of negligence related to professional services. A claim may arise if a client alleges financial loss due to an error or omission in the services provided.
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)
New York staffing agencies must comply with federal and state employment laws. EPLI can help address claims of wrongful termination, harassment, or discrimination.
Why New York Staffing Firms Work With Mason-McBride
We understand that your insurance policy should enhance your business, not complicate it, and at Mason-McBride, we aim to help you protect the future of your enterprise.
- Industry Experience: Over 100 years of supporting businesses with tailored insurance solutions.
- Healthcare Focus: We understand the risks of placing nurses, doctors, and allied professionals in New York hospitals, clinics, and healthcare facilities.
- Independent Agency Advantage: We work with multiple leading carriers to provide options.
Start a Conversation
If you operate a medical staffing agency in New York, our team can help you evaluate insurance options and design a strategy to manage risk.
"*" indicates required fields
