Category Archives: General Liability Coverage

Why Professional Employer Organizations May Require Thorough Special Insurance

If you run a professional employer organization, or a PEO for short, you may require special staffing insurance and other types of targeted PEO insurance. Because PEOs face several risks in the normal course of business, having the appropriate insurance is an important part of maintaining company security and avoiding legal or financial problems. Here’s why your PEO could require special insurance.

It Could Provide Your PEO With Several Types of Employment Practices Liability Coverage

If you contract with staffers that you place at various agencies, you may require various types of employment practices liability coverage. For example, you might consider securing an insurance package that includes:

  • Protections for staff placed in various workplaces
  • Independent contractors coverage
  • Protections in the event of workplace violence or workplace injury claims
  • Third-party discrimination protections
  • Protections in the event of bullying claims

Your PEO Could Require Both General and Professional Liability Protections

Most, if not all, PEOs could benefit from general and professional liability coverage for both the staff and the management. As a baseline, be sure to include the following in your insurance coverage.

  • General liability coverage
  • Employee benefits liability coverage
  • Auto liability coverage
  • Staffing agency insurance
  • Worldwide professional liability coverage

For any professional employer organization with industry risks to mitigate, having the right PEO insurance in place is essential. Understanding why your PEO could benefit from thorough staffing insurance could help lead your organization to the best insurance package for its needs.

Thayer Innes

Tips to Protect Your Business from Liability

If you own a small business, you probably know that even a single lawsuit can mean having to close your doors. While this is true, there are steps you can take to prevent issues and liability, which are found here.

Purchase the Right Insurance

According to Thayer Innes, having the right insurance is the best way to protect your business from liability lawsuits. While each business’s insurance needs are unique, purchasing products, commercial property liability, and general liability coverage are recommended.

Maintain High Standards

Know your business practices down to the very last detail and work with your employees to create high standards for each step of your service or product. When you know how things should be done, you can begin enforcing these standards at every turn.

Test Your Guidelines

Once you establish your standards, you need to test people and processes to ensure they are living up to them. If not, you need to figure out what has gone wrong and what you can do to fix the issue. Failure to do this may result in a liability lawsuit down the road.

Protecting your business takes time and effort. However, when you use the right steps and put the right processes in place, you can reduce the likelihood of a liability lawsuit being filed against your business.