Protect Your Staffing Agency Against Unique Risks

Staffing Agency

When running a staffing agency, you have unique risks that may not be acknowledged by all insurance companies. Many people downplay the risks that staffing agencies face. The experts at https://www.wwspi.com claim that risk management solutions are the best way to address the modern challenges to staffing agencies.

Common Risks

As a staffing agency, there are three main risks. These risks include:

Your employees are essentially your product. If an employee misrepresents his or her credentials, you are liable. Likewise, if a client poses a risk to your agency, you could be liable for anything that occurs to your employee while working for the client. Since you are the technical employer, you would be responsible for workers’ compensation coverage.

Solutions to Risks

The best way to solve the problem of risk is to have a risk management plan in place. First, you need to make sure you have a thorough employee selection plan in place. Do thorough background checks so that there are no surprises. Do the same with your clients. Additionally, you should have a variety of insurance options. Workers’ compensation, general liability and professional liability are only three of the options you may need.

When running a staffing agency, you need to consider the specific risks involved with the company. A risk management plan and insurance coverage are the best protection.

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