Temporary Staffing – Common Workers’ Compensation Challenges
Finding and maintaining strong Workers’ Compensation coverage can be a headache for all business owners, especially those in the temporary staffing industry. This is because the temporary staffing industry faces many unique Workers’ Compensation complications and risks. If you’re a business owner in the temporary staffing industry, here’s what to know about common Workers’ Compensation challenges.
Common Worker’ Compensation Challenges in the Temporary Staffing Industry
- Finding Coverage in a High-Risk Industry: Temporary staffing is often considered to be a high-risk industry, since temporary workers face a higher risk of injuries and accidents than permanent workers. This can make it difficult to find Workers’ Compensation coverage, as your business may be plagued with issues like raised premiums, audit issues, or a history of workplace accidents. You may find yourself faced with limited coverage options, or struggle to find an affordable coverage that meets your specific needs.
- Ensuring Compliance with Varying Regulations: Your employees might take job assignments in a variety of industries, from manufacturing plants to hotels or restaurants. Each industry might have different safety requirements and other compliance-related laws, which can make it very difficult to keep your business in compliance with all laws and regulations. If you are not in compliance with industry-specific laws, it also increases the risk of fines, penalties, and workplace accidents.
- Navigating Multi-State Risks: Similarly, some temporary staffing agencies operate across multiple states. Since different states have different approaches to Workers’ Compensation coverage, it can be challenging to stay up-to-date on all laws and regulations.
- Managing Employee Classification: If your temporary staffing employees are sent out to work in different industries, each industry has their own classification codes, as well as classification details based on specific job duties. This means you’ll have a ton of employee classification paperwork to keep track of, and an increased risk of mistakes that make it harder to find or maintain Workers’ Compensation coverage.
- Dealing with Turnover: The temporary staffing industry tends to see frequent turnover and other employee changes. Managing frequent change can be a complex and stressful process, but if details like employee classification and job assignments get overlooked, it can lead to big Workers’ Compensation challenges.
Finding Worker’ Compensation Coverage and Support
At Work Comp Business Insurance Solutions, we offer a suite of products to help temporary staffing businesses find solutions to common Workers’ Compensation challenges like these! We have years of experience with helping temporary staffing businesses navigate the complex process of Workers’ Compensation, and can draw on a wide network of carriers to help you find personalized coverage to protect your business and your employees.
We also offer services like risk management and loss control, which will help your temporary staffing business reduce workplace issues and avoid complications like fines, penalties, or a dangerous lapse in coverage.
At Work Comp Business Insurance Solutions, we help business owners find the best Workers’ Compensation and payroll solutions.
