Tag: Vendor management services

Key Coverage for Staffing Firms and Employment Agencies

vendor management services

Staffing firms have unique liabilities and coverage needs that need to be addressed. It is smart to get an insurance plan that is tailored to your business’s particular risks, requirements, and budgetary limitations. Learn about key policies of vendor management services you should consider.

General Liability

General liability provides coverage from certain lawsuits filed by vendors, customers, clients, and other third parties. Covered claims include when you are sued for:

Cyber Liability

Employment agencies store a lot of private data on their networks. You likely have the personal information of thousands of employees. Cyber liability coverage gives you protection when this data is breached.

Property Insurance

Sudden incidents can incur damages to your property. Property insurance covers you in the event of:

Property insurance reimburses you for the monetary value of lost or damaged property. This depends on how you value your supplies, equipment, and other forms of property.

This is just a snapshot of vendor management services that are crucial to keep your staffing firm up and running in the wake of unexpected turmoil. Look into your particular needs and unique exposures that you face. Make sure you get coverage that is designed to keep you protected.

What to Expect from Your Vendor Management Services Provider

Vendor management services
Vendor management services

Choosing to outsource many of your management projects to a firm offering vendor management services¬†is a big decision, and thus shouldn’t be made without a lot of thought and consideration put into it. You don’t want to blindly enter into this agreement; it’s perfectly reasonable for you to have a few expectations of the service provider. Among those should be:

Don’t be afraid to asks questions of the providers that you’re considered. By making an informed decision regarding your vendor management services, you place yourself in a much better position to enjoy all the benefits such a service has to offer.