How Cyber Liability Insurance Shields Your Staffing Agency

The staffing industry is incredibly lucrative right now and its popularity is only likely to increase. In 2011, it was estimated this industry posted revenues in excess of $125 billion dollars. Unfortunately, that incredible success also makes the staffing industry a target for computer hacking. Here are few ways in which staffing agencies are vulnerable to these attacks and also some examples of how staffing agency insurance can help keep your information safer.

 

Why Are Staffing Agencies Targeted?

 

Staffing agencies have access to confidential personal information and financial records for all their employees, the people they send out to businesses and often the businesses themselves. This becomes even more likely when agencies are working with high-ranking executives and large corporations.

 

What Are Common Methods of Computer Hacking?

 

While each scenario is different, there are a few common methods that computer hackers use to infiltrate into confidential systems. Some of them include:

  • Viruses
  • Compromising Computer Firewalls
  • Malware
  • File Encryption/Extortion

 

These methods all can cause costly delays and frustrating extra work for you.

 

How Can Staffing Agency Insurance Help You With Computer Hacking?

 

Hopefully, none of these situations ever occur to your agency. However, in the event that computer hacking did occur, insurance firms can provide you with support and resources to fix your affected technology quickly and easily. This ensures you are back up and running as soon as possible for your clients and your business.

 

Having cyber liability insurance can help get you out of a difficult situation and is well worth the investment. Find the policy that is best for you today.

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Why Third Party Staffing Agencies Need Insurance

staffing agency insurance
staffing agency insurance

In order to have a safe working environment, a company needs to provide specific benefits to its employees. Among these benefits is industry related insurance coverage to protect both individuals and businesses from injury, wrong-doing, and unexpected unemployment. A third party staffing center often needs to provide such protection for the workers they contract out. Staffing agency insurance allows both contracted employees and the participating businesses to be protected as either national or state regulations require.

 

Protection From the Unexpected

 

Insurance is often required to protect people against loss in a crisis. Manufacturing industries in particular are often associated with substantial risk to workers in and around heavy machinery. For example, if a staffing agency provides a manufacturer with a contracted welder, someone must be able to protect the welder in the event of a workplace related accident. Coverage provided by staffing agency insurance can include:

 

  • Workers compensation
  • Abusive acts
  • Crime
  • Employment practices
  • Auto liability

 

Adequate Coverage Brings Peace of Mind

 

Both temporary workers and the businesses who hire them through a staffing company need to know that both their rights and safety are protected. Because of this, staffing agency insurance is required so that even workers who are only on the job for a few months can be protected in the event of an accident or incident. With the right insurance, employee and employer can be more relaxed knowing that they have coverage.

 

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