Providing essential staff to medical facilities is a growing niche for the staffing industry. However, it doesn’t come without risk. Medical staffing facilities insurance covers the unique risks faced by staffing companies providing the nurses, technicians and therapists whether on a full- or part-time basis.
As a business, medical staffing facilities face liabilities on their property from employees and third-party individuals. Commercial property, general liability insurance and workers’ compensation are all necessary to protecting common liabilities.
Management liability insurance protects the staffing firm’s management against lawsuits from employees, vendors and clients. Excess liability provides additional protection not detailed in other general liability policies. Many staffing employees drive the company vehicle of the staffing firm or the client they work for making non-owned and hired auto a necessary coverage option.
Because you staff medical employees, your company is responsible for ensuring those employees are properly trained to follow HIPAA guidelines among others. In addition, cyber liability can be a huge risk for staffing companies. Manchester Specialty Insurance has a health care suite designed to address the specific risks facing medical staffing facilities.
Having medical staffing facilities insurance can keep your business going strong while protecting the financial assets of the company. Continue to provide a necessary service knowing your risks are protected.