Agencies Need Protection from Risks Encountered in Daily Employment Practices

Agencies Need Protection from Risks Encountered in Daily Employment Practices

As the owner or operator of a staffing firm, you face on a daily basis a host of risks that could threaten the viability of your business. For example, an irate customer may want to sue you, alleging that you misrepresented the experience of the marketing director you recently supplied. Or perhaps a prospective employee you’ve sent out on several job interviews decides that he didn’t get his dream job because you defamed his character. Then again, there’s that other would-be employee who would rather believe that the reason she didn’t land a job she really wanted is because you discriminated against her, instead of believing that she simply wasn’t qualified. Any of these incidents could result in catastrophic losses for your firm, which is why a comprehensive protection program featuring employment agency insurance makes sense to purchase for your firm.

A variety of coverage offers well-rounded protection

Coverage often begins with a standard business owner policy, or “BOP,” a liability package that covers the firm should clients get hurt on your premises, or if you or one of your employees causes property damage or injury while on a client’s premises. Professional liability insurance can cover you for financial damages you are found liable for in the event of negligence, error or omission relating to professional services you provide to clients. Workers compensation offers medical and disability protection for employees who get sick or injured on the job. Employment practices liability offers protection in the event of a range of violations is alleged, including discrimination (based on age, race, gender, and so on), wrongful termination, or sexual harassment. There’s even umbrella coverage for an extra layer of protection should catastrophic or multiple claims exhaust the limits of your underlying policies.

Going without coverage is just too risky

Protect your firm from the risks you face continually in connecting applicants and employers with a comprehensive employment agency insurance program. And since you know all about hiring, do some selecting for yourself–hire a professional insurance agent who has experience in assembling quality programs for firms just like yours.