Generally speaking, there is no one-size fits all business insurance policy. Every industry and every niche in an industry has its own pitfalls. This is why the insurance companies offer plans corresponding to the individual risk exposure faced by each enterprise.
For those involved in locating job posts and employees that fit the want ad of a company, there are many risks. The summaries below outline what each agency does and why specialized coverage is so necessary.
Errors and Omissions Insurance Coverage for the Employment Agency
Employment agencies and their counselors generally operate in big urban centers. They benefit both employer and employee by facilitating job placements.
An employment agency typically matches employees to businesses for the following positions:
• Main administrators
• Clerical workers
• Other office workers
Although most employment agencies assist in a broad manner, others find employment and employees in specialty industries. The specialty agency involves itself in placing skilled as well as non-skilled personnel into businesses.
Both the general and specialty employment agency and its counselors face a wide exposure to errors and omissions exposure if a recommended employee does not perform in accordance to specifications. Held accountable for misrepresentation the employment agency can face a charge of negligence or error or omission. Moreover, the employment agency can be sued if it slanders a job candidate.
Employment Temporary Service Agency Insurance Coverage
In contrast to a general employment agency, the temporary services agency provides temporary employees for commercial offices, engineering businesses, light manufacturing operations, and servicers. The temporary employee service is important for organizations that contend with elevated peaks. The service is also used in the event temporary help is needed to replace employees on vacation or leave of absence. Associated coverage can consist of:
• Professional liability
• Liability in the event there are damages due to temporary worker’s activities
• Workers compensation involving the temporary worker
Insurance for Employee Staffing Services
Employee staffing services is different from the aforementioned. The employee staffing service provides employees for businesses as per a contract basis. The employee staffing service is in responsible for workers’ pay, benefits, workers comp and other human resource matters as it relates to the job. Insurance can incorporate:
• General as well as professional liability
• 3rd-party fidelity coverage
• Employee practices liability
• Workers compensation
For more information about general and specialty employment service and temporary employment insurance, as well as insurance coverage for an employee staffing service, contact an experienced independent insurance agency.