The Hartford doesn’t offer staffing agency insurance online, but a local agency or Tivly may be able to help you find the coverage you need. The following content includes information from various sources and can change over time.
What Is Staffing Agency Insurance?
Staffing insurance is another name for small business insurance. It’s a package of different types of business insurance coverages designed to help protect you from the risks you face as you manage talent. Also known as employment agency insurance, this coverage can help protect your business from various claims, like client lawsuits or property damage.
Common types of coverage that may be part of a staffing agency insurance package can include:
- Business Owner’s Policy (BOP)
- Professional liability insurance
- Workers’ compensation insurance
- Cyber insurance
Why Might You Need Staffing Agency Insurance?
Staffing agency insurance is a collection of coverages designed to help safeguard your business against risks. Accidents, mistakes and disputes are part of doing business, but without the right protection, they can come with serious financial consequences.
Staffing agency insurance coverage can help protect your agency from many potential risks, like:
- Workplace injuries: An employee gets hurt at your office, and your agency is liable for medical costs.
- Client disputes: A client sues your agency for negligence or breach of contract.
- Discrimination claims: A candidate accuses your team of unfair treatment during the hiring process.
Staffing Agency Insurance Coverages
When it comes to protecting your staffing agency, you’ll want to ensure you have coverage that matches your potential risks. Many agencies have a Business Owner’s Policy (BOP) as the foundation of their insurance plan. It combines three types of coverage to help protect your business from everyday risks:
General liability insurance helps protect your agency from claims that it caused bodily injury or property damage to others. For example, if a candidate, visitor or delivery driver gets hurt on your property, this insurance can help pay for medical bills and lawsuits.
Commercial property insurance helps protect the owned or rented building you operate from, as well as the tools, equipment and inventory that you rely on. These can include:
- Computers
- Furniture
- Printers
- Mailing supplies
Business income insurance helps replace lost income if you can’t operate your staffing agency temporarily because of covered property damage caused by fire, wind or theft.
It’s important to remember that a BOP won’t cover every kind of claim you may face while running your staffing agency. You’ll need to get other types of insurance to give your business well-rounded protection, such as:
Workers’ compensation insurance to help support your employees if they get a work-related injury or illness. This insurance gives your employees benefits that can help pay their medical bills or replace lost wages if they can’t work.
Commercial auto insurance to help protect you or your employees on the road when using a company-owned vehicle for business. If you get into an accident while using a company car, this coverage can help pay the claim costs.
How Much Does Staffing Agency Insurance Cost?
The cost of staffing company insurance varies because every agency faces unique risks. Insurance companies may consider several factors when determining your coverage cost, including:
- Number of employees
- Location of your business
- Type of coverage
- Your claims history
- The limits you select for your coverage
Although The Hartford doesn’t offer insurance for staffing agencies, here are the average costs our small business customers pay for common types of coverage. You can use this to help estimate your insurance costs:**
- BOP: $1,687 a year, or about $141 a month
- Stand-alone general liability insurance: $810 a year, or about $68 a month
- Workers’ compensation insurance: $1,032 a year, or $86 a month
- Professional liability insurance: $744 a year, or $62 a month
To find out the costs of insurance for staffing companies, get a free quote online through Tivly.
General Liability Insurance
“A job seeker came in for an interview, but he tripped over a computer wire on the floor. He fell hard, and we had to call for an ambulance.”
General liability helps cover claims that your business caused bodily injury or property damage to someone else.
Professional Liability Insurance
“A client sued us, saying we breached the contract by not filling the job on time.”
Professional liability insurance helps protect your agency from claims that it made an error in the professional services rendered. It can help pay attorney fees or other court-related costs.
Workers’ Compensation Insurance
“My assistant developed a back injury from working long hours, and she needed weeks of physical therapy.”
Workers’ compensation insurance gives your team benefits to help them recover from work-related injuries or illnesses. It can help cover their medical bills and replace lost wages.
Commercial Auto Insurance
“My office manager was going to pick up supplies when she accidentally backed into another car.”
Commercial auto insurance helps protect you and your employees on the road if you get into an accident while using a company-owned vehicle for work.
Commercial Property Insurance
“Our office flooring was ruined by a burst pipe during a cold snap.”
Commercial property insurance helps protect your business' equipment, furniture and inventory from loss or damage caused by events like storms, fires or vandalism.
Cyber Insurance
“Our Customer Relationship Management platform was hacked, and our clients’ personal information was stolen.”
Cyber insurance helps you respond to a data breach or cyberattack. If personally identifiable information (PII) gets lost or stolen, it can help cover the cost to notify impacted individuals.
Get a Quote for Staffing Agency Insurance Options
Insurance for your staffing agency should work as hard as you do. Tivly can help you get coverage to protect your livelihood.
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
The Hartford does not currently have a product available to provide the coverage described on this page. You are being referred to Tivly in an effort to connect you with a carrier who may provide this coverage. This link will redirect you to a third-party website, owned and operated by an independent party ("Tivly"). Any link you make to or from the Tivly website will be at your own risk. Any use of the Tivly website will be subject to and any information you provide will be governed by the terms of the Tivly website, including those relating to confidentiality, data privacy and security. The Hartford and its affiliates (collectively "The Hartford") do not endorse or approve and make no warranties, representations or undertakings relating to the content of the Tivly website. The Hartford assumes no liability for loss, damage and any other consequence resulting directly or indirectly from your access to the Tivly website or any information that you may provide on the Tivly website.
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