This is a question Staffing Firms should never be asked by their insurance company. Years ago insurance companies thought employment agencies were merely head hunters. There was not much exposure since the agencies simply introduced people to businesses for a fee. The staffing world has evolved to include PEOs, Staffing Firms, Contract Labor, Nurse Registries and more. Your exposure is now a function of your sales and payroll rather than how many people can fit in your office.
Some insurance policies for staffing firms are mistakenly written based upon the square footage even today. These policies will not pay losses related to professional, employment, fiduciary or other liabilities. Proper coverage at the time of loss will protect both you and your client. Your insurance policy is written by, priced by and interpreted by the insurance company. Don't give them an easy way to deny a claim by having the wrong policy.
If you would like to know if your policy is right, email a copy of your certificate insurance for a free review.
michael.hrovat@hubinternational.com
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