Insurance for Medical Staffing Agencies

Insurance is essential for medical staffing agencies to protect their operations and manage inherent risks. Professional liability insurance provides coverage for claims of negligence or malpractice involving placed staff, while general liability insurance addresses incidents such as injuries on agency premises. Workers' compensation insurance is crucial for protecting the health and safety of the agency’s staff, and cyber liability insurance safeguards sensitive client and employee data from breaches.

Many healthcare facilities also require staffing agencies to carry specific types of insurance as a condition of partnership. By securing comprehensive coverage, medical staffing agencies can ensure operational stability and focus on their mission of delivering skilled healthcare professionals to the facilities that need them most.

Insurance for medical staffing agencies can include:

Bodily Injury Coverage
Property Damage Coverage
Premises Liability including slips, trips, and falls
Completed Operations Coverage
Personal and Advertising Injury including Defamation (slander or libel)
Medical Payments Coverage
Legal Defense Costs
Legal defense expenses covered in addition to liability limits
Abuse and Molestation (SAM) Coverage (limited coverage)
Evacuation Expense Endorsement to relocate residents in a natural disaster or emergency

why is medical staffing insurance essential?

Malpractice insurance for staffing agencies has become more essential than ever in today’s challenging climate. The healthcare sector increasingly relies on staffing agencies to make up for their shortfall in medical professionals.

Staffing agencies offer cost-effective solutions for medical facilities and attractive employment conditions for healthcare workers, but there is a risk. New dynamics in patient care are introduced, creating a need for healthcare staffing insurance.

One reason is that due to their non-permanent status, medical professionals from healthcare staffing agencies may not feel as invested in the healthcare facility’s mission. This detachment combined, with the transient nature of agency work, can lead to higher instances of errors and subsequent malpractice claims.

With the severity of claims and amounts of payouts increasing throughout the country, healthcare staffing agencies must fortify their defenses by acquiring medical personnel services insurance, including general liability, professional liability, and excess coverage.

Comprehensive insurance is a critical tool for every staffing company. It protects your business against liability claims, stemming from a medical professional’s failure to deliver the expected standard of care. This insurance covers a range of outcomes, from bodily injuries to mental anguish, all linked to negligent acts.

Westwood work with different insurance companies to source the most suitable healthcare staffing insurance at the best price. Click here to contact us now.