Below find helpful descriptions and videos about the coverages available through the PROLINK policy. Please note that the core program is comprised of Professional & Commercial General General Liability Insurance. As you complete your application, you will have the option to enhance your coverage with additional products listed below.
Staffing Program Information
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THE STAFFING INSURANCE PROGRAM
PROFESSIONAL LIABILITY INSURANCE (E&O)
What is it?
Professional Liability Insurance (also known as Errors & Omissions) will respond to a lawsuit alleging that the professional services provided by you or your business were inadequate or that you were negligent in the provision of those services.
Professional Liability Insurance is a “claims-made” policy. Regardless of when a wrongful act takes place, this policy applies only to claims that are:
- First made against the insured (i.e. you or your firm) during the term of the policy; AND
- Reported to the insurance company or PROLINK in writing during the policy period or within 30 days thereafter.
Who needs it?
Any professional that provides advice or service to clients for a fee is at risk of legal action and should at least consider Professional Liability Insurance.
Why? Whether you’re reviewing client policies, overseeing recruitment, or hiring people yourself, sometimes all it takes is a single documentation error, a miscommunication, or even a difference of opinion with a client to trigger a claim.
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COMMERCIAL GENERAL LIABILITY INSURANCE (CGL)
What is it?
Commercial General Liability Insurance covers you for third party injuries and/or property damage resulting from your activities. It provides protection in the following circumstances:
- Third party injuries and property damage;
- Visits with clients;
- Libel and slander;
- False advertising;
- And more.
Who needs it?
Any business that comes into contact with a third-party needs Commercial General Liability Insurance, especially if you, your independent contractors, or your employees:
- Work on assignment at a client site;
- Own, rent, or lease a commercial space that’s open to the public;
- Have a home-based business where clients visit you;
- Visit your client’s workspace or home, or conduct business anywhere else offsite; and
- Advertise or create marketing materials for your business.
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DATA SECURITY & PRIVACY BREACH INSURANCE (CYBER)
What is it?
Data Security & Privacy Breach Insurance (Cyber) defends you in the event of a breach such as when your company’s information is exposed or stolen by a hacker, or accidentally released by an employee. This policy typically includes the following coverages:
- Legal coaching on how to handle the breach with privacy regulators;
- Legal fees in the case of a civil suit;
- Funds for court-awarded damages;
- Public relations services for managing the negative reputational impact resulting from the breach;
- Provisions for credit monitoring and client notification costs in the event of a breach.
Who needs it?
Any business that collects, stores, and transmits confidential data is at risk of a privacy breach. And Staffing Professionals are particularly vulnerable because of their access to confidential employee and client data and valuable third-party connections.
But with Cyber Insurance, you can protect your business from financial loss, manage reputational harm, and get back online following a breach.
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CRIME INSURANCE
What is it?
Crime Insurance protects organizations from intentionally wrongful, dishonest, and criminal actions committed by company employees, executives, or owners, such as theft, forgery, extortion, embezzlement, and any other fraudulent activities.
Who needs it?
Staffing firms have access to sensitive employee and client data, like passport scans, payroll info, bank details, e-signatures, SIN numbers, and more. That’s why any company that has employees handling confidential information should invest in Crime Insurance.
Because no matter how much you trust your team, a scam by even your most loyal worker could have a crushing impact on your bottom line–but your business shouldn’t have to pay the price.
DIRECTORS & OFFICERS INSURANCE (D&O)
What is it?
Directors & Officers Insurance protects your business leaders and board members if they’re personally sued for any actual or alleged wrongful acts in managing the company.
Who needs it?
As a Staffing Professional, you know how serious staff allegations are–and how unpredictable and aggressive employees and independent contractors can be. That’s why all Staffing Firm owners, leaders, and board members should consider D&O Insurance. It’ll protect your business and personal assets if you’re ever personally sued for any actual or alleged wrongful acts in managing the company.
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COMMERCIAL UMBRELLA INSURANCE
What is it?
Commercial Umbrella Insurance protects your business against large losses by covering costs for substantial claims that go beyond your existing liability coverage limits, including libel, reputational damage, vehicular accidents, or customer injury.
Who needs it?
The more you interact with clients, the greater the risk of third-party claims. And if someone gets hurt or if their property is damaged, you could face costly medical expenses and lawsuits that will exhaust your CGL limits, especially if you have more than one claim in a year. With Commercial Umbrella Insurance, you’ll be sufficiently protected no matter what.
COMMERCIAL PROPERTY INSURANCE
What is it?
Commercial Property Insurance covers your business property, equipment, and furnishings.
Who needs it?
Property Insurance is critical if you have an office or a working space where you have business contents you want to protect in the event they are lost or damaged. Whether you own, lease, or rent office space or work from home, your general liability or homeowner’s policy won’t reimburse you for any damage to your contents, equipment, or furnishings. And without Property Insurance, the impact of repair and replacement costs following a break-in, fire, or other disaster could be financially devastating.