Looking for Staffing Agency Insurance in Michigan?

It goes without saying that proper insurance coverage is essential for staffing agencies since they serve as intermediaries between employers and employees. Liability risks can arise if anything goes wrong on either end. However, finding the coverage you need is relatively straightforward.

The type of insurance coverage a staffing agency needs will depend on its business operations. Most staffing agencies will need general liability and commercial property insurance, but a few may require additional coverage. Make sure you know what coverage you are legally required to have in your state by talking with a local independent agent. If you are sued, failing to carry the necessary insurance coverage (from a legal or business standpoint) could lead to bankruptcy.

 

Typical Coverages for Staffing Agencies

There are several coverage options that you can add to your business insurance policy to protect your company.

Some of the notable exposures currently getting attention in the marketplace are:

Workers Compensation Insurance:

Worker compensation insurance gives your employees benefits to help recover from a work-related injury or illness. It can also benefit your employee’s families if they lose their lives in a workplace accident. Different factors can affect your workers’ compensation cost, such as job risk, claims history, and payroll size.

General Liability Insurance:

General liability insurance can help protect your business 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 your business 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 business 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 expense 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.

 

 

staffing Industry insurance Coverages

 

Staffing Industry Coverage Tailored to Your Needs

Our professional team can help you navigate the insurance marketplace and conduct a risk review.  We advise not waiting for an event to audit your program and make necessary adjustments.

Additionally, we can provide coverages specific to your business, such as crime insurance, commercial umbrella insurance, and employee benefits. Mason-McBride will design a program to fit your needs.

 

Why Work With Mason-McBride?

As a locally owned Michigan business, our clients are at the core of everything we do. We are committed to providing superior customer service and personalized advice and counsel.

To offer staffing agencies premier business insurance coverage, Mason-McBride has partnered with reputable insurance companies. Our goal is to become your long-term partner and provide the expert advice you need to make an informed decision based on your overall business strategy.

Our ability to service our policyholders proactively is one of the ways we differ from the competition. We are able to do so due to our knowledge of the staffing industry, products, and potential situations.

 

Ready for a Quote?

Whether you need workers comp insurance or a combination of coverages, our specialists can find a coverage plan that offers complete protection from the unexpected. The team at Mason McBride is happy to assist.

We invite you to stop by our office, request a quote below, or give us a call.

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