White Paper

3 Workforce Dynamics Heightening Risks for Today’s Staffing Agencies

Staffing agencies face growing challenges as trends in crime, employment practice liability and auto accidents make risk management ever more complex.
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White Paper Summary

Keeping today’s economy running only seems to grow more complicated for leaders by the day. And perhaps the most complex factor in that equation is how to adequately staff every business — from coffee shops to warehouses and hospitals.

Even with payrolls down in some sectors, staffing agencies continue to play a vital role in finding and training workers for a range of industries.

During the course of a year, staffing companies in the U.S. hire over 14.5 million temporary and contract employees, according to the American Staffing Association.

But workplace dynamics have shifted rapidly since the onset of the coronavirus pandemic, and agencies are finding it increasingly challenging to clearly assess the risks they take on when sending workers out for assignments, as well as the risks they assume as employers.

As today’s staffing agencies grapple to deliver value, both for people seeking employment and for companies in need of capable talent, they must work with their brokers to remain vigilant as three dynamics impacting auto, EPLI and crime insurance claims heighten risk across the industry.

To learn more about Philadelphia Insurance Companies, please visit their website.

Philadelphia Insurance Companies (PHLY) offers product-specific resources, alliances, and service capabilities to achieve a multi-faceted approach to risk management, including safety program development, site audits, and training (including interactive web-based training). We offer a wide range of products and value-added services at financial terms to be agreed upon to help you achieve your risk management goals.