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.
Typical Coverages for Staffing Agencies
Whatever your exposure, whether you work in temporary staffing, permanent placement, recruiting and executive search, or a payroll, Mason-McBride works closely with you to develop an insurance plan tailored to meet your specific needs.
Some of the notable exposures currently getting attention in the marketplace are:
Worker compensation insurance gives employees benefits to help recover from work-related injuries or illnesses. It can also benefit employees' families if they lose their lives in a workplace accident. Different factors, such as job risk, claims history, and payroll size, can affect workers' compensation costs.
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 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.
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 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 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.
Business Insurance for all Michigan Cities
Not all companies are the same. When choosing one, it's essential to work with one you trust and can rely on.
We have over 100 years of experience helping small business owners protect their companies with quality coverage.
Our business insurance policies can be customized for any Michigan city, including, but not limited to:
- Madison Heights
- Rochester Hills
- Royal Oak
- Sterling Heights
- West Bloomfield
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.
Mason-McBride has partnered with reputable insurance companies to offer staffing agencies premier business insurance coverage. 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 proactively service our policyholders is one way we differ from the competition. We can do so due to our knowledge of the staffing industry, products, and potential situations.