staffing image

Insuring Employee Leasing Firms

Insuring Employee Leasing Firms

staffing image

Insuring Employee Leasing Firms

What are the two biggest risks
of working with an insurance brokerage that doesn’t understand the staffing business?

First, you can end up with coverage that is far too narrow. While today you may be focused on a particular industry or job type, the reality is that you are always looking for new positions to fill. Things can change.

Second, you can end up overpaying for your insurance because your agent didn’t take the time to educate the carrier about your business model. For example, it’s not enough to say that you focus on the food manufacturing industry. The carrier needs to know if you’re providing food scientists or production line workers, as the risk factors are obviously quite different.

Milestone Risk Management understands all of this. We’ll ensure your carriers understand the variety of work and jobs that you currently fill… and that your coverage is broad enough to also cover the new job types that you may branch out into.

Milestone Risk Management understands all of this. We’ll ensure your carriers understand the variety of work and jobs that you currently fill… and that your coverage is broad enough to also cover the new job types that you may branch out into.

Taking Out The Guess Work

Milestone Risk Management understands all of this. We’ll ensure your carriers understand the variety of work and jobs that you currently fill… and that your coverage is broad enough to also cover the new job types that you may branch out into.

Biggest Risks Faced by Staffing Firms

Employment Liability

For example, a leased employee does not behave as he or she should. Or an entire group of leased employees is not given legally-required breaks. These types of claims can be quite costly.

Errors & Omissions

A leased employee in a managerial position makes poor decisions or otherwise does something or fails to do something that has costly consequences for your client. As the employer, the liability falls on you.

Injuries

Even if you are only leasing knowledge workers, people can still get injured on the job. As Workers Comp experts we can help you manage your Ex-mod and create a robust Workers Compensation program (including safety, claims management and return to work) that saves you time and money.
Comprehensive Coverage

Plans Typically Include

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