Insurance for Temporary Staffing Companies
Welcome to E-WorkersComp.net!
We provide comprehensive and affordable workers compensation insurance for temporary staffing companies. Many of our clients in the temporary staffing sector have been able to reduce their insurance cost significantly. How can we do it? We are an independent agency and represent many top insurers making our prices more competitive and our clients happier.
A workers compensation insurance policy is a requirement for most temporary staffing companies. Business owners, who temporarily hire an employee from your staff, will be expecting that you cover your workers with a policy separate from theirs. Besides the risks of injury, most states require employers to have a policy. Failure to provide coverage will result in fines and stop-work orders.
A policy will cover workplace injuries of your employees. It is important to note that workers compensation insurance is a separate policy from health or liability insurance. Health and liability insurance do not cover the cost of medical care, lost wages or death due to on-the-job injuries.
Depending upon the type of industry you provide staffing in, workers compensation and insurance cost for your company can be a large expense. The cost of your workers compensation insurance will be based primarily off of the type of service that you provide, location of your business and past claim history.
- The Type of Service That You Provide: A construction staffing company will pay more for their premium than a clerical staffing company does because of the dangers and hazards of the job. This type of classification is called occupational class codes.
- The Location Of Your Business: The cost of insurance will vary state by state because of laws and regulations unique to that location. A state can require different minimums and maximums of benefits to be paid. They also have different medical care cost which in turn affects your premium.
- Past Claim History: Another big factor in cost is your past claim history known as an experience mod. A company’s experience mod can increase or decrease the overall cost. It rewards companies that have less on-the-job accidents.
You need workers’ comp and you need it to cost less. It’s that simple. We’ve built relationships with top carriers and insurance companies and have a successful history of selecting optimal coverage and insurance solutions for temporary staffing companies. Here are two ways we can help you purchase insurance.
- PEO/Employee Leasing: Do not confuse this with a temporary staffing agency. A PEO/Employee Leasing service provides Workers Comp, Payroll and Human Resource Services. The PEO, Professional Employer Organization, takes on the risk of many companies through a co-employment contract. This is one of the best ways for your company to secure a policy.
- Stand-Alone: The business owner pays for the coverage of the insurance and takes on the responsibility of administrative costs associated with claim handling and state reporting duties. If a company has a high number of claims, commercial carriers may decline to cover the business for workers compensation.
E-WorkersComp.net is an independent insurance agency that specializes in Workers Compensation Insurance. Our team believes in educating the consumer to help you make a clear and straightforward choice. We invest our time in building strong relationship with our clients so that they have a level of professional and personal confidence. Our goal is to reduce what our clients pay and we do so by shopping and comparing available policies from many different insurers. We cover 46 states including workers comp insurance for staffing agencies in California, Florida, Texas, Arizona and Louisiana.
