insurance for healthcare staffing agencies

why do healthcare staffing agencies need insurance?

insurance for healthcare staffing agencies is important

Westwood works with a number of different carriers to find the most suitable insurance for Healthcare Staffing Agencies. Click the button for an obligation-free quote now.

Staffing agencies need malpractice insurance more than ever in today’s challenging climate. With a shift to the healthcare sector increasingly relying on staffing agencies to make up for their shortfall in medical professionals. While this approach offers cost-effective solutions and attractive employment conditions for healthcare workers, it introduces new dynamics in patient care and an increased need for insurance.

Staff members, while highly skilled, may not feel as invested in the healthcare facility’s mission due to their non-permanent status. This detachment combined with the transient nature of agency work, has inadvertently lead to higher instances of errors and subsequent malpractice claims.

Staffing agencies need malpractice insuranceWith the severity of claims and amounts of payouts increasing throughout the country, healthcare staffing agencies must fortify their defenses by acquiring comprehensive insurance coverage, including general liability, professional liability, and excess coverage.

Comprehensive insurance is a critical tool for agencies, offering protection against liability claims stemming from a worker’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.

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what types of insurance do healthcare staffing agencies need?

General Liability Insurance

General Liability Insurance

This is necessary for all healthcare staffing agencies. It  covers medical expenses and attorney fees resulting from bodily injuries and property damage your facility or organization could be legally responsible for.

Business owner's policy (BOP insurance)

Business owner's policy (BOP insurance)

A Business Owner’s Policy (BOP) is a comprehensive insurance package designed for small to medium-sized healthcare staffing agencies, providing a blend of liability protection and property insurance.

Professional Liability Insurance

Professional Liability Insurance

Professional Liability Insurance overs any negligence or mistakes made by the individual Medical Professional during their practice. It differs from General Liability insurance, which covers the practice itself. 

Commercial Auto Insurance

Commercial Auto Insurance

This is relevant for healthcare staffing agencies who use vehicles for your practice-related tasks. This insurance covers you against auto accidents, theft, and other vehicle-related incidents.

Workers Compensation Insurance

Workers Compensation Insurance

Workers Compensation Insurance is usually mandated by law, to protect healthcare staffing agencies and their employees in case of work-related injuries or illnesses.

Cyber Liability Insurance

Cyber Liability Insurance

Covers you against financial losses associated with data breaches, cyber attacks, and other cyber incidents. Insurers will usually conduct rigorous testing of your online system to fix vulnerabilities as part of this policy.

Contact Dale Nelson now

Dale Nelson, Westwood team member

Dale specializes in insurance for this particular group. You can call him on the number below or fill out the form and he will get your message directly:

we've got you covered

General Liability Insurance

Protecting healthcare organizations against increasingly crippling litigation.

Professional Liability Insurance

Protecting medical professionals against increasingly crippling litigation.

Medical Malpractice Insurance

Protecting medical professionals against increasingly crippling litigation.

Cyber Liability Insurance

Protecting healthcare organizations & professionals against cyber attacks.

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Phone

216.539.0841
855.351.7487

insurance for hospitals

Hospital Insurance typically covers all or part of the potential liability for hospital services. It includes medical malpractice, accidents involving hospital employees and equipment, care during surgery or any other invasive treatment, after-hours care arrangements by staff who need help with their children and more.

insurance for long term care facilities

Long term care facilities must protect themselves against potential liability arising from incidents within their facility. Westwood can help you negotiate a package tailored to your long term care facility client.

traditional insurance products

Westwood have fostered exceptional relationships with underwriters and we go to great lengths to keep abreast of their latest products, changes in requirements and restrictions, including having weekly calls with the carriers, which you can see here, by joining our insurance insider group.

    Insurance products at Westwood Insurance Group

    You can find more information on the Insurance Products main page.

    If you have any questions on the different policies, check out our Insurance FAQ’s

    alternative structures

    Westwood President, Michael Richards has extensive experience in setting up alternative structures for larger clients. Here are some examples:

     

    If you think your client could be large and stable enough to benefit from starting or participating in a captive or has a special need for another alternative structure, contact Michael Richards now by phone: 855 351 7487.