Why do IT staffing agencies need business insurance?
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6 policies every IT staffing agency should consider
General liability insurance
This policy protects your staffing agency from many basic small business risks. It's often required in client contracts and commercial property leases.
- Accidental client injuries at your agency
- Accidental damage to client property
- Libel, defamation, and copyright lawsuits
Technology errors and omissions insurance
Technology E&O, also called professional liability insurance, covers lawsuits over mistakes made by an IT staffing firm. Intellectual property (IP) and media liability coverage can often be added.
- Disputes over staffing choices
- Professional mistakes
- Accusations of negligence
Cyber liability insurance
This policy can help your IT staffing agency recover from a data breach or cyberattack. It can also cover your legal bills if a client sues over a data breach.
- Lawsuits from clients affected by a breach
- Notifying affected clients about a breach
- Fraud detection and monitoring
Business owner’s policy
A BOP combines general liability insurance with commercial property insurance at a discount. Small staffing agencies are often eligible for this bundle.
- Accidental client injuries at your agency
- Accidental damage to client property
- Damaged or lost business property
Workers’ comp insurance
State law usually requires IT staffing businesses that have employees to purchase this policy. It helps pay medical costs from work injuries and illnesses.
- Medical bills from employee injuries
- Partial wages while employees recover
- Lawsuits over work injuries
Fidelity bonds
A fidelity bond protects your temp staffing agency if one of your employees steals from a client. It’s also called an employee dishonesty bond.
- Unlawful data access by an agency employee
- Illegal electronic funds transfer by an employee
- Other employee theft or fraud
IT staffing business insurance costs
Average costs come directly from policies purchased by TechInsurance customers.
General liability: $30 per month
Errors and omissions: $65 per month
View more expected costs.
Start a free application to see how much insurance will cost for your business.
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Why IT staffing agencies choose TechInsurance
Protect against common risks
A lawsuit or data breach can devastate your IT staffing business. Prevent financial losses with policies tailored for your needs.
