The Importance of Staffing Agency Property Insurance
Property losses and damage are not a very common concern for the staffing industry. As a service providing industry, the property loss risk exposures of the staffing industry are much more covert than those of their manufacturing or construction counterparts which have blatant large exposures to property loss, theft and damage. Never the less, staffing firms and professionals do face there fair share of risk exposures when it comes to potential physical losses. From office furnishings to technology and even business transportation, all businesses have property insurance needs which should not be neglected.
Many staffing agencies rent commercial office spaces or other real estate which means that they can be held additionally accountable for damages to their rented space. Operations which own their own business premises face even greater risk exposures to losses should a natural disaster strike, a water pipe burst, vandals deface a building or other unforeseen events occur. Business property insurance is designed to mitigate these losses, and will help any operation protect their business premises inside and out.
One commonly overlooked business properties are client files, data and paperwork. These items are essential to the function of any staffing firm, but more importantly contain sensitive data and information about employees, clients and even your own firm. Today many of these files exist both physically and digitally making them doubly difficult to protect from theft, loss and mismanagement. Should a staffing firm’s premises suffer fire, water damage, break-ins or other damages any hard-copy documents and data could be lost, thus resulting in business disruption and even liability exposures.
At World Wide Specialty Programs, we provide insurance solutions to help the staffing industry manage their risk exposures and protect their assets. Our complete portfolio of staffing agency insurance policies is available to agents and brokers to help their staffing clients attain the unique coverage then need. To learn more about our operation, give us a call today at (877) 256-0468.