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Insuring your assets is a critical part of your risk management strategies. Youre probably familiar with standard property coverage, but your business model may dictate the need to add inland marine to your policies. Understand a little about how property and inland marine works will help you as you decide which staffing agency insurance options are right for you.
What Is Inland Marine Insurance?
Standard property insurance for most businesses covers losses resulting from fire, theft, vandalism and other incidents as spelled out in each individual policy. This usually means your business buildings, their contents, equipment and personal effects of employees and visitors on the premises. What inland marine coverage offers usually includes property that is transported over land, moveable property, computers, vending machines or other assets that could be considered mobile. Your insurance agent may be better able to spell out the details, but many inland marine policies provide extra coverage that may not be incorporated in a standard property insurance policy.
Consider Adding Inland Marine to Your Insurance Solutions
Staffing firms and PEO companies are in a unique type of business, one that exposes them to a great deal of potential liability sources. To ensure your risk management strategy is complete, adding inland machine to your staffing agency insurance package may be a sound move. Your agency can assist in helping you select the best coverage options for your company.
Running a staffing agency is a unique affair, and therefore has many unique challenges during everyday operations. This is why you need specific staffing agency insurance in order to get your business done confidently and safely in the coming years. Gaining a thorough understanding of the coverage options available to your business and how they can make your business more secure in the coming years is crucial if you want to make the most of your business in the future. The following options may be just what you need to keep your agency on track:
1. General Liability. This will protect your business from a wide variety of claims that might occur when you send them out to other companies to get their respective jobs done. This typically includes legal expenses associated with claims of property damage and comparable offenses.
2. Abusive Acts Liability. This protects your business in the event that customers or employees accuse you of abusing them, physically or mentally, or have caused them to become sick, exploited mental disorders, and much more.
3. Owned Auto Liability. This keeps your company vehicles protected while theyre out on the job.
Each of these staffing agency insurance coverage options can benefit your business and keep you on a safe track regarding operations and finances in the years to come.