When insuring clients in the staffing industry, you must address potential liability risks’ significance. One of the things that many staffing agencies overlook is the importance of hired and non-owned protections. These policies offer protection for staffing services in case of an accident or unforeseen complication with hired (any vehicle driven by a staffing employee) or non-owned vehicles. Throughout this blog, we will cover the importance of insurance coverage for these vehicles and employees. Understanding this coverage helps you create tailored solutions that your staffing clients need to protect against transportation-related losses.
The Significance of Hired and Non-Owned Insurance for Staffing Agencies
Staffing agencies often require employees to travel from job to job, run errands, and attend client meetings. When an employee uses their personal vehicle for these job-related tasks, it creates liability concerns for the staffing agency and its client.
That’s where hired and non-owned insurance comes in. These policies protect staffing agencies and their clients when they face claims for incidents occurring when employees use their own vehicle for work purposes. Most hired and non-owned insurance covers costs such as bodily injury, property damage, and liabilities associated with the accident. Inform your staffing agency clients of the importance of this coverage to protect the business and their clients.
Ensuring Adequate Hired and Non-Owned Coverage for Client Contracts
Staffing agencies frequently enter into contracts that include transportation-related tasks and responsibilities. Whether they have employees delivering products, transporting clients, or hauling equipment, staffing agencies might face situations requiring hired or non-owned vehicles. Clients often stipulate that liability falls on the agency for any damage or accidents that occur in the process.
Hired and non-owned coverage provides the necessary protection for staffing agencies driving non-owned vehicles come into play. You can help your staffing agency clients meet their contractual obligations and expand their business operations, knowing that their hired and non-owned policy covers their liability exposure.
Mitigating Risks for Clients and Staffing Companies
Accidents with hired or non-owned vehicles can lead to costly litigation that damages the reputation of the client and the staffing agency. Hired and non-owned coverage is crucial to any staffing agency’s risk management plan because it mitigates the liabilities for staffing agencies and their clients. Insurance offers a safety net in case of accidents so that the agency and its client can continue operations unimpeded.
As you can see, these policies are a valuable investment for staffing agencies. Understanding this fact helps you to appreciate the value of tailored protections that include hired and non-owned coverage for your staffing agency clients.
Ensure your clients understand this coverage’s value and what it can offer them in the long run. You can use that knowledge to craft policies tailored to each agency’s needs. With the right policy, you empower your staffing industry clients to focus on their operations, fulfill their contract obligations, and expand their operations with the confidence that the firm and its clients have the protection they need.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage, we have available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of our representatives.