Your business qualifies for a more presonalized experience through our parent company, Aon. We will assign a dedicated advisor that will support you through the process.
Prefer to speak with a CoverWallet consultant? Call (646) 844-9933 anytime.
BASIC
Essential coverages for your staffing agency
Includes:
STANDARD
Protect your business against service errors
All Basic plan benefits and:
PRO
Get protected against your own employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
CUSTOM
When you have specific requirements
ALREADY INSURED?
We will take care of the switching hassle.
Call us at (646) 844-9933 for help and more information
Recruiters and staffing agencies work to put workers in the right position for their current needs. There is always the risk of improper advice to a client, promising a position or contract that does not work out, data breach, as well as the loss of your own office or other assets. Several coverages combined can keep your agency running properly and away from financial loss.
The risks to staffing agencies can be great, regardless of whether you hire for temporary or permanent employment. Risk starts the moment you interview a potential employee. If you chose not to hire them you could face charges of discrimination for not hiring, sexual harassment and other potential liabilities.
The cost of coverage will depend on the policies you purchase, the types of professions you specialize in, and the annual revenue of your company. For instance, General Liability insurance can be as low as $300/year. Professional Liability (E&O) insurance as low as $600/year. Commercial Auto insurance averages $3,000 a year. A Workers' Compensation depends on the number of employees you have and starts at a few hundred dollars a year.
Yes, depending on how many employees you have it is likely mandated by your state that you carry it. After the first employee is hired it is prudent to take out a Workers Compensation policy.
You can build in risk mitigation processes and procedures. Your customer contracts should include indemnification clauses in your favor and you should set your customer's expectations when starting a relationship. Often, overpromising services can get a staffing company in trouble.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
Our mission is to help small businesses to be better protected, informed and served. See what our customers are saying.
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