Workers' Comp Insurance for Temporary Staffing Agencies
Temporary staffing agencies face many of the same exposures related to their workforce as other companies, but they also have unique challenges related to the varying employment roles they help fill and the different industries they serve.
Zurich’s Workers’ Compensation Insurance for Temporary Staffing Agencies program is focused on professional, light industrial and medical temporary staffing with premiums of $25,000 or more. Our program offers guaranteed cost premiums with access to risk management tools designed to help temporary staffing companies lower their total cost of risk over time.
Business owners: Contact your insurance agent or broker
Insurance agents
Call a specialist now 847-762-7164
Appetite
- Temporary staffing and medical staffing specialists with premiums of $25,000 or more
- Clerical
- Engineering
- Information technology
- Light industrial
- Healthcare
- Preferred characteristics:
- Longer term in nature
- Highly specialized white- to gray-collar industries
- Longer term placements of RNs and LPNs (as opposed to CNAs)
- Hospitals
- Clinics
- Doctor's offices
- Outpatient surgical centers
- Schools
- Physical/occupational therapists
- X-ray techs
- Dental hygienists
Coverages offered
- Statutory Workers' Compensation
- Employer's Liability
- Blanket alternate employer endorsement capability
- Blanket waiver of subrogation capability when required by contact
Geography
- Nationwide
- As one of the largest Property and Casualty insurers in the country, Zurich has Workers' Compensation filings in all non-monopolistic states, so we seamlessly accommodate multi-state staffing companies
- State-by-state market conditions are closely monitored, and currently we are accepting staffing companies whose payroll is not more than 10% in the state of California
- Acord Applications 125 and 130, available upon request for contact
- Supplementary application, available upon request for contact
- Five years loss run history
- Five years payroll/exposure data
- Five years of audited payroll summary
- Experience modification worksheet
- Details for losses over $25,000
- Two years of financial statements
- Job duties for employee assignments
- Workers' Compensation: Statutory
- Employer's Liability: $1,000,000/$1,000,000/$1,000,000
- Available services include loss control and auditing
- Program Administrator has more than 10 years' experience insuring temporary staffing agencies
- USL&H exposures
- The program excludes staffing companies in following sectors:
- Heavy industrial/manufacturing
- Construction
- Transportation
- Prison facilities
- Psychiatric hospitals or drug/alcohol rehab facilities
- Temporary staffing agencies with less than three years in business
- Professional Employer Organizations (PEO's)
- Premiums beginning at $25,000
- Solid management team with proven expertise in the staffing industry
- Management commitment to underwriting and safety of client operations, including written safety programs in areas such as patient lifting, bloodborne pathogens, ergonomics, etc.
- Transparent, tangible loss history. Requires 3 years minimum operating history
- Joint Commission on the Accreditation of Health Care Organizations (JCAHO) certification for medical staffing risks
- Address information on all single locations with over 50 employees at one time
- Admitted
Frequently Asked Questions
Why do staffing agencies need Workers’ Compensation Insurance?
Though the workforce of staffing firms can change frequently, liability risks are a constant, so it’s critical that agencies are properly insured for any employee assigned to work for a business’ customer. The right Workers’ Compensation Insurance is essential in helping avoid exposures that could lead to significant fines, other financial losses, or adversely affect the reputation of a staffing company.
Whether the staffing insurance needs are for clerical work, light industrial processing and manufacturing, or in areas with more technical specialization — such as healthcare or engineering —appropriate Workers’ Compensation coverage is part of a core risk management strategy for any employment agency.
Why choose Zurich for Workers’ Compensation for staffing agencies?
We work with a Program Administrator (PA) with over a decade of experience focused on insurance for temporary staffing. Our Workers’ Compensation Insurance for Temporary Staffing Agencies program comes with the underwriting expertise and financial strength that has made Zurich one of the leading commercial insurers in the world. Working with the PA, we keep on top of the evolving work environment and industry trends to provide coverage offerings with the focus staffing agencies need.