Managing a staffing firm comes with many unique risks, and the handling of employment practices liability is at the top of the list. Finding an insurance policy that can mitigate your business’ exposure is essential, and it could pay to choose a staffing-specific insurance policy.
What Is Employment Practices Liability Insurance?
Staffing firms necessarily need their employees to work for a variety of employers, which means your employees are laboring at a variety of work sites, all of which have their own cultures and conditions. This introduces a level of risk traditional employers do not typically have. Employment practices liability insurance helps limit the risk that comes from working with these clients. So while your staffing firm does pay the employee, this policy exists because your business isn’t able to control all working conditions of your employees.
What is Covered?
If you choose a staffing-focused employment practices liability policy, there will be coverage options that protect against a lawsuit against both employers. Wrongful termination, discrimination and sexual harassment claims are typically covered under your policy, which will protect your staffing firm and your client in a worst case scenario. Having this coverage offers peace of mind to clients, who need their contingent staff to be as little extra work as possible.
Consider staffing-specific insurance to protect your firm and your clients.