Posts Tagged ‘Agency’

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.

What To Look for in an Insurance Agency as a Business Owner

Insurance Agency

When it comes to running your Florida-based business, you know that having the right insurance plans in place is the best way to protect your interests. Without those plans, you’ll have to pay for repairs, lawsuits, settlements and other problems that arise completely out of pocket. While finding a great insurance plan is important, you also need to find an insurance agency you can trust.

What To Look for in an Agency

Different insurance agencies offer different types of services. The first thing you should do is look for an agency that provides the types of coverage that your business needs. This should include the following:

  • Property coverage
  • Employee benefits packages
  • Retirement plans
  • Liability insurance
  • Commercial auto insurance

Choosing an agency that doesn’t offer the types of insurance that your business needs only complicates things. You’ll have to fill in the gaps with a separate agency or find a new provider in the long run.

Choose the Agency You Can Trust

When you’re looking for an insurance agency, it’s okay to be picky. Work with the organization that takes the time to get to know your company and your needs. The more interest their agents show in your operation, the easier it will be to get the protection you need.

Finding a reliable insurance agency is the best way to get the insurance you need. Choose the Florida insurance agency you’re most comfortable with and you’ll be in good shape.

The Importance of Commercial Insurance for Small Businesses

Commercial Insurance

A small business needs to be proactive about protecting itself against the possibility of a sudden loss or some form of liability exposure.  Obtaining a commercial insurance package policy is a fundamental part of any small business’ management.

Key Elements of Commercial Insurance

You don’t need to become an insurance expert before getting insurance for your business, but you need to understand some of the basics of commercial insurance coverage so that you can get a general sense of what you need when you reach out to an agent for help. Generally, more than one type of policy is needed to insure a business’ operations. You will likely need to build a package that includes the following types of policies:

Additional Policy Indorsements

Depending on your business’ activities, you may need additional protections to fully safeguard your business against loss and liability.

  •       Auto insurance for company vehicles
  •       Directors and officer’s insurance to protect board members and corporate officers from individual liability
  •       Professional liability insurance to protect companies that offer professional services in a specialized field

Work with an insurance agency that is experienced in serving small businesses in your industry for guidance about how you can structure a commercial package that meets your business’ needs.