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Successfully Using Temps/Temp Agencies

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Successfully Using Temps/Temp Agencies

 

Let’s face it, the need for a helping hand is going to come along sooner or later, especially if you plan to grow your business. But what if you aren’t ready to make a full time, or even permanent part time new hire? This is where staffing agencies, otherwise known as temp agencies, can come in handy. Especially during these tough economic times, temp agencies are full of eager employees who can provide a lift to your company, without significantly impacting your payroll.

 

When working with temporary hires or any employees at all, it is important to have proper employment contracts in place. These employment contracts clearly outline responsibilities, payment structures, non disclosure items, and much more. Employment contracts can also stipulate that any employee leaving your company is not to elicit business or contract work from any of your existing employees. Among other items contained in these agreements are specifications of intellectual property rights, causes for early termination and confidentiality agreements.

 

 

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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