Staffing Workers' Compensation
We've developed the best insurance programs for staffing companies.
Get Better QuotesPrefer to speak with A Workers' Compensation Specialist?
Give us a call today at 888-611-7467
Workers' Comp Coverage for Staffing Agencies
Temporary staffing is a labor intensive business and often has many unknown variables. Among the chief underwriting concerns for insurance companies are potential employee misclassifications and agencies assigning employees to prohibited class codes. A lot of standard markets do not write staffing agencies because they have not been profitable on their books of business.
We've been helping staffing agency owners find more affordable coverage for over 15 years. Our experts understand the underwriting requirements from the insurance companies and we know how to negotiate the lowest rates on coverage. That's why we've developed staffing programs designed to help you get the best rates and most flexible payment options.
We partner with the best carriers writing staffing coverage.
Improve cashflow and reduce the potential for big audit bills.
Get quotes from multiple insurance companies to ensure the lowest rates.
Our carriers have experienced claim managers to close claims quickly.
Our Top Staffing Insurance Companies
Markel is a national carrier. Markel offers exceptional workers' comp coverage in most states throughout the United States.
Accident Fund Insurance Company of America writes permanent placement staffing and select temp staffing companies.
Normandy Insurance is a diverse company underwriting workers' comp insurance for temp agencies.
Cimarron is a fast growing insurance company providing Pay As You Go coverage for most NCCI class codes.
Pie Insurance is one of the newest national insurance companies. They have leveraged technology and offer low rates on coverage.
Benchmark excels at covering health care, manufacturing, packaging, hospitality and medical staffing.
UBIC offers excellent rates as well as loss control resources for most temporary staffing companies.
Synergy Coverage Solutions focuses on loss prevention and claims management to help employers control insurance costs.
Applied underwrites offers national Retro workers compensation and first dollar coverage programs for larger agencies.
Shop coverage like a Pro.
Workers' Comp Insurance for Temp Agencies
Employees are grouped into classification codes based on their job duties and work functions. The National Council on Compensation Insurance (NCCI) currently utilizes nearly 800 class codes to help insurance companies and agents categorize employees for rating purposes. Insurance companies set a base manual rate for each class code in order to begin pricing a policy.
Properly classifying workers is an important part of the quote process. Mis-classified employees can cost small businesses thousands of dollars. You could end up paying too much for coverage or owing more money after an annual audit.
Our Staffing Agency Insurance Programs
We have worked with our insurance carriers to offer workers' compensation coverage options to staffing agencies who meet carrier underwriting requirements and can demonstrate management know-how and a commitment to managing claims. Our carriers are looking for select staffing agencies that have experienced management teams or owners, as well as a track record of minimal workers' comp losses.
Some of our insurance company programs have minimum premium requirements exceeding $5,000 and may require at least 3 years in business prior to offering a quote. We continue to have success with our staffing program and continue to update and relax some of our underwriting requirements with underwriters. Interested staffing agencies should contact us to determine whether or not we have a current market in your state that fits with your current agency profile.
Our most successful candidates for our Target Programs include nurse staffing, long-term contract employment, project staffing, and agencies with a more homogenous group of "lower-risk" class codes. Smaller agencies and new start-up agencies are the most difficult to quote with one of our carriers outside of the State Insurance Fund. We do help staffing agencies start-up within their state pool and help transition them to standard markets as soon as their first renewal.
Alternative State Class Codes for Staffing
Sometimes a state will deviate from the industry class code recommended by NCCI. Instead of the NCCI code, they may require the utilization of a state specific class code for certain business segments.
Staffing Programs for Workers' Compensation
| Target Industries |
|---|
| Clerical and office staff |
| Medical staffing- temporary and permanent placement |
| Hospitality and entertainment |
| Manufacturing and packaging |
| Employment agencies and headhunters |
| Temporary agencies |
Related: temporary staffing organization, temp staffing, personnel staffing, contract staffing, labor pools, employment placement agency, head hunting organization, permanent placement agency, recruiting firm, casting agency, model supply service, babysitting bureau, nurse staffing, temp to hire
Workers Compensation Shop.com is a national Agency, licensed throughout the United States.
Get the Best Staffing Insurance Coverage
A lot of small staffing companies are overpaying for insurance coverage because their agent does not have access to the lowest cost insurance companies. Other business owners are using installment plans based on estimated payroll that doesn't adjust as payroll fluctuates. We help our customers find the best insurance rates for each unique state and type of business. Our Pay As You Go payment plans will improve your business cash flow. We work with new business owners and companies with higher EMR Ratings. We've been writing staffing agency insurance since 2005.
| Program Features |
|---|
| Low Minimum Premium Requirements |
| Pay As You Go Work Comp - $0 Deposit |
| Guaranteed Cost and Deductible Options |
| National Staffing Insurance Expertise |
| More Markets for More Solutions We shop renewals too |
| Commercial Package Insurance Options |
What Does Workers' Comp Cover?
Workers' comp coverage protects employees when injured. It makes good financial sense for both parties.
- Loss of income for employees unable to perform job duties
- Medical expenses for employees injured on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
- Injuries resulting from a violation of the law
- Incidents resulting from employees' use fo drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
Lower Your Staffing Insurance Costs
The cost of business insurance has been increasing for small businesses. General liability and workers' comp insurance have been the major cause of the increase in the cost of coverage. We've partnered with our insurance companies to provide more affordable commercial insurance solutions for our customers. Ask about our package insurance options for employee staffing:
Workers' Compensation and Employers Liability
Staffing Liability Insurance
Commercial and Personal Property
Umbrella Liability and more
Not all lines of insurance coverage or all class codes will be available in all states. Contact one of our workers' comp Specialists for program details on general liability and workers' compensation insurance.
Start a quote online or give one of our specialists a call at 888-611-7467.
How Much Does Staffing Insurance Cost?
The average rate our customers pay for workers' compensation under the staffing class codes is based on each $100 of payroll. Each class code is separately rated based on the work performed by the employee. The average cost for a general liability insurance policy is about $2,500.00.
Workers' Comp Costs
- Work Comp is priced based on payroll
- Your state and EMR Rating will affect your cost
- The class of employees staffed can modify rates
- Premium discounts and policy credits may apply
General Liability Costs
- GL rates for staffing are based on payroll (rated per $1000)
- Gross revenue may affect pricing
- The type of work done matters to underwriters
- Prior clams and years in business affect pricing
- SIC codes: 7363-Temp; 7361- Employment Agency
Staffing Agency vs Temp Agency?
Most people refer to staffing agencies as temp agencies and vice versa. Traditionally, a staffing agency was known as an employment placement agency. Employees placed at a customers business are not employees of the staffing company. Their wages and the cost of insurance is paid by the customer and the staffing company receives payment separately for their service.
Temp agencies supply workers to a customers' business for limited periods of times and those employees are not expected to be hired on a permanent basis. Temporary agencies typically pay the placed employees and cover the cost of insurance and taxes. Temp agencies receive more compensation but they have a much higher overhead.
Then there's Trusted Service.
Thanks for the award Feefo- Work Comp Shop
How do I get started?
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options
Ready to Start Your Quote?
Don't settle for cookie-cutter rates
- Secure
- Fast
- Easy
Ask about our Pay As You Go plans designed to improve cashflow and bullet-proof your audits.
(888) 611-7467 8 a.m.- 5 p.m. - Central, M - F
California DBA: I-Shop Online Insurance Agency.
