Staffing Property & Inland Marine Insurance
In addition to providing staffing firms with the proper Liability insurance coverages needed through World Wide, you can also offer Property and Inland Marine insurance to cover claims involving fire, theft, vandalism and other perils as outlined in the policy. Important in determining how much coverage to secure is properly valuing the staffing firm’s property, including equipment and supplies.
Additionally, key to providing responsive coverage is assessing a staffing agency’s business interruption exposure in the event of a loss that causes the firm to shut down temporarily. For example, the indemnity period should be accurately assessed for each staffing firm. The indemnity period is the period after an insured event for which the business thinks they may be unable to perform fully and may need financial assistance to meet all their ongoing expense.