Why do medical staffing agencies need business insurance?
A fire or cyberattack could financially devastate your agency. Insurance for medical staffing companies helps you rebound from costly lawsuits, injuries, and accidents. Some policies, like workers' comp, are required by law.
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With Insureon, medical staffing agencies can get insurance coverage the same day they apply for quotes.
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What types of business insurance do medical staffing companies need?
General liability insurance
A general liability policy covers basic third-party risks at a medical staffing office, such as a customer tripping on your front step. It's often required for commercial leases.
- Slip-and-fall injuries
- Client property damage
- Libel and other advertising injuries
Business owner's policy
A BOP bundles commercial property insurance and general liability coverage under one plan. It's often the most cost-effective type of commercial insurance for a healthcare staffing agency.
- Client bodily injuries
- Damaged client property
- Business property damage and theft
Workers’ compensation insurance
Most states require workers' comp for medical staffing agencies that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
- Employee medical expenses
- Disability benefits
- Lawsuits over employee injuries
Professional liability / medical malpractice
This policy covers legal defense costs related to professional errors and oversights. It's sometimes referred to as errors and omissions insurance (E&O) or malpractice insurance.
- Work mistakes
- Accusations of negligence
- Oversights that cause financial loss
Commercial auto insurance
Most states require commercial auto insurance for vehicles owned by a medical staffing firm. It helps cover the cost of an accident involving your business vehicle.
- Damage caused by your vehicle
- Medical bills from an auto accident
- Vehicle theft and vandalism
Cyber insurance
This policy helps healthcare staffing agencies survive data breaches and cyberattacks. It can often be added to a business owner's policy or general liability policy for savings.
- Customer notification expenses
- Data breach investigations
- Fraud monitoring costs
How much does business insurance cost for medical professionals?
A small medical staffing agency will pay less for insurance than a larger company.
Factors that affect the pricing include:
- Healthcare employment services
- Medical business equipment and property
- Years of experience
- Business location
- Business income
- Types of insurance purchased
- Policy limits and deductibles
How do I get medical staffing insurance?
It's easy to get medical staffing business insurance or employment agency insurance if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay for your policy and download a certificate
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your healthcare staffing company, whether you work independently or hire employees.
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