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Don’t Let Your Best Employees get Stolen Away – Use a Staffing Agreement

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Don’t Let Your Best Employees get Stolen Away – Use a Staffing Agreement

 

Every small business owner knows that no matter how much they like their employees, or how much the employees like them, more often than not, the employee will eventually move on to “greener pastures.” Most of the time, your employees leave your company on their own terms. But what happens if one of your clients lures them away? If you run a staffing agency, this is all too often a reality.

 

If you are providing consulting services to a client, your employees are at risk of being lured away with a job offer from the very client you were helping out. This is why any time you provide employees for consulting, you should have your client sign a staffing agreement. This agreement states that they will not attempt to hire any of the employees or staff you provide during your consulting agreement. This ensures that your best employees stay with you, and allow you to provide better services, knowing that there is little risk of your employees being hired away.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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