When you own a staffing agency, your workers compensation policy has to take into account the unique risks. After all, you are employing people who perform tasks in workplaces you don’t control. Here are some tips for making sure you are fulfilling your obligations.
Keep Impeccable Records
Keeping track of temporary employees who work off-site can be challenging, but it’s important. There are several factors that impact your workers compensation coverage:
- Number of hours worked
- Location of work
- Type of work
- Pay rate
When your records are in order and up to date, workers comp claims are more likely to be approved because you will have the right coverage for the specific work the temporary staff performs. This helps your employees get the help they need and can protect you from lawsuits that could happen otherwise.
Know State Requirements
Getting the full coverage you need involves knowing the appropriate staffing company workers’ compensation considerations for your state. For example, in some states, your workers’ comp policy may exclude employer liability, which means you need a supplemental policy that bridges that gap. Talk to your agent about the specific risks you need your insurance package to cover.
There are several factors to consider when choosing the best insurance coverage for your staffing company. Understanding risks and requirements helps you make the best decision.