We all have heard about high profile cases and news stories in which employees make claims of sexual harassment, wrongful termination or discrimination. A company can lose a great deal of money if such claims are proven to be true, and can suffer on behalf of the actions of a few people in a department. The situation may be even more disturbing in the case of a staffing agency that is being sued on behalf of the actions of a client off-site. This is one reason you need employee practices liability insurance to make sure you are insulated from the problems that can result from these claims.
You may do your best to screen your applicants and choose appropriate clients without any history of complaints, but still, a claim of unfair employment practices can come out of the blue. Be prepared with a policy that covers you no matter what the circumstances. Talk to an insurance agent about options for an individual policy, deductibles, a comprehensive policy or umbrella liability insurance. You should also make sure you are insured in case an applicant suffers from bodily harm or property damage at the workplace.
You do your best to place the most qualified applicants in workplaces that suit them, but you can’t be everywhere. If something inappropriate happens with a client, feel more secure with employment practices liability insurance.
You may place workers with clients for days, weeks or months, but focusing on temporary staffing means a quick turnover and the likelihood that you will be dealing with a large number of people. There may be many people coming through your doors intending to work for clients, and this entails significant responsibility on the part of your company. Make sure your agency is insured against damage or injury caused by workers placed with clients with temporary staffing insurance.
The risks involved with temporary staffing can be greater than with permanent staff because of the number of people you are likely to be working with. Thorough screening is required, but it may be hard to catch every sign of potential problems. In addition, unexpected mistakes and mishaps can occur. Look for temporary staffing insurance that covers liability for bodily harm, property damage and monetary loss. You may also want coverage against cyber-crime and other kinds of misdeeds.
Be sure to screen potential workers thoroughly before placing them with clients. Do complete background checks and call prior employers for references. After doing this research, there is always a chance, of course, that problems may arise as the result of mistakes in the workplace. Make sure you are covered with temporary staffing insurance.
Accounting has long been a necessary trade, and owning and accounting business is one surefire way to turn a profit, particularly in the modern market. However, because of the high stakes which you and your employees often have to work with when it comes to balancing accounts, accidents can occur that put your business’s financial stability at risk. This is why having insurance for errors omissions in Manhattan is potentially one of the smartest things you can do for your business in the coming years. This service protects you from issues like:
Mistakes or oversights that result in substantial losses for clients or other oversights by your employees.
Failure to make a bid in certain situations in which serious gains could have been made for a client otherwise.
Failure to inform clients about important developments with their accounts that have the potential to impact them on a large basis.
These are all serious threats which any large or growing accounting company faces on a daily basis. Accidents in calculations can and do happen, so it’s best to protect yourself form the fallout with the help of errors omissions in Manhattan. Speaking with a professional is the best way to clear up any questions you may have about this service and to get started with getting your coverage right away.
You work hard to earn your prized valuables. Without a strong insurance plan, however, your possessions could be destroyed during an emergency without you receiving monetary compensation. Taking the time to develop an insurance policy for assets such as your home, car, artwork and business is crucial if you want to ensure that you will be able to bounce back financially after an unfortunate incident. Insurance in Champaign, Illinois might provide you with the security you seek.
Schedule an appointment with an insurance specialist who can help you pinpoint what insurance plans are right for your needs. Whether you are looking for protection for your auto or a piece of valuable art, an insurance specialist can recommend options from a wide range of top-rated companies, and help you obtain a plan with the best coverage possible at an affordable rate.
Strong coverage can also provide protection for your loved ones. Medical bills can quickly add up; a strong insurance plan can provide you with the peace of mind of knowing that your family will receive the attention they need if they are involved in an auto collision or are present in your house during a burglary or fire.
Prepare for the unexpected by exploring your options for insurance in Champaign, Illinois. Almost anything in your life that has value can be protected with an insurance policy that can help you regain their worth if they are ever damaged.
In almost any enterprise that deals with a large scale transportation of goods, whether that means shipping products overseas, assembling various parts through global distributors, or both, business owners must contend with the fact that a certain percentage of their products will not arrive at their destination in the same condition that they were sent, or may even not arrive at all. While anything less than 100 percent transit success is a financial loss, a large scale loss of merchandise is a particularly dangerous possibility, one which could significantly alter your financial landscape. When you work with transit insurance programs, you can be assured that you will never face any financial repercussions for lost or damaged inventory.
When you are looking for the best transit insurance programs, search for a provider who offers a wide range of coverage. The best providers will cover damage and loss due to rough handling, theft, natural disasters, and transportation vehicle or vessel accidents, as well as incorrect and just plain non delivery. A wide range of coverage indicates that your insurance provider has your back in any transit related situation that will affect your bottom line.
A steady, dependable supply and distribution model is critical to the long term success of your business. As long as you do your part, a transit insurance program will ensure that your products or their financial equivalent makes it to their destination, every time.
Staffing firms provide a valuable service to the economy by providing temporary employees to businesses that need short-term staff for one reason or another. Staffing firms also make it possible for potential employers to hire staff on a short-term basis in order to determine whether they would be compatible for long-term positions in their company. Because they are constantly involved in the hiring and contracting process, it is important for staffing firms to purchase employment agency insurance.
Due to the nature of their business and the number of employees they contract to other businesses, staffing firms face unique risks. They simply cannot predict when one of their employees will file a claim against them for harassment, wrongful termination or discrimination.
How Staffing Firms Can Protect Themselves
In order to protect their financial interests, staffing firms should be careful to purchase employment agency insurance coverage and always keep coverage in place. The more employees they hire and contract to other companies, the higher their risk of facing a lawsuit. Even staffing agencies that take every necessary precaution in regard to their employees could still face a variety of allegations. These allegations could easily drain their financial resources in the absence of adequate insurance coverage.
By purchasing employment agency insurance coverage that is appropriate for their risks and business size, staffing firms can protect themselves from financial ruin in the event of an employee lawsuit.
As an employment agency, you are always looking out for the needs of others. You may not realize it, but there are many risks that you face on a daily basis as well. Before you can be truly successful at what you do, you need to ensure that you are protected first. Employment agency insurance is something that will do that for you. The reasons that your company needs this type of protection are:
The policy can be tailor-made to meet the specific needs of your company. Because there are different types of staffing agencies, there are different components that can be included in the insurance packages for those agencies.
The monthly premiums are minimal when compared to the amount of out-of-pocket expenses you could incur if someone were injured at work, slipped and fell on your property, or if you were the victim of vandalism or theft.
Employees tend to work more effectively when they know that workers’ compensation has got their back. This can improve overall productivity at work, as well as the placement of your clients.
As you can see, there are some important reasons to have employment agency insurance. If you run an employment agency and are looking for an affordable and effective way to protect against risks and improve productivity, this insurance coverage could very well do the trick.