March, 2018

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The Requirements of a Co-Employment Arrangement

employment agency insurance

There is a broad array of staffing operations geared towards helping their clients fill short-term positions at their places of business. These agencies are all different, from the industries they serve, to the exposures they face, from lower risk levels to higher hazard concerns. Their clients can range from staff clerical, to healthcare, technology, warehousing, manufacturing, industrial, and lots of other business models.

Staffing agencies and the companies that employ them need a solid understanding of co-employment and what it will take to work with a staffing firm in order to better handle many of the issues that may arise from this type of relationship. One important step in managing these risks that can occur is securing the appropriate employment agency insurance policies designed to address those matters.

Working in a co-employment environment

Co-employment is defined as a relationship between two or more employers in which each has actual or potential legal rights and duties with respect to the same employee. In a single employer/ employee relationship, the employer bears certain responsibilities with respect to his or her employees, including paying wages, overtime pay, and taxes.

In co-employment, the employer of record has certain obligations with respect to providing workers compensation, benefits and pension plans, as well as ensuring civil rights compliance, appropriate labor/management relations, and a safe work environment. In co- employment, these responsibilities are often shared depending on how the relationship between the two entities is initially set up or created.

Co-employment is inherent in staffing firm/client relations, and since both have sufficient contact with an assigned employee, each company will legally be viewed as an employer. The staffing firm is viewed as the primary employer and bears most of the responsibility for the employee. The client, for their part, takes full responsibility for supervising and directing day-to-day work assignments.

Both entities must adhere to the safety and well being of any temp employee at all times. Having employment agency insurance protects both the workers and the staffing company when safety issues, rights violations, or other claims relating to negligent acts become an issue that must be addressed.


Fine Art and Properly Insuring High Valued Items

North Star Insurance Agents

If you own fine art or expensive collectibles then protecting your artwork, instruments, or other valuable artifacts will requires the services and expertise of an insurer that fully understands their immense value. Stolen or damaged art requires a risk management expertise that is in line with the proper care of these fine collections. You have very unique risks and exposures that you must deal with constantly and North Star Insurance Agents are ready to assist you with the task of properly insuring your precious commodities for almost every circumstance.

Every collection is different and unique, so it is important that we deploy the necessary insurance solutions that address your individual needs. This is achieved by accessing several premier insurers and determining which company will be able to deliver a tailored program designed specifically for your collection.

Who needs fine art insurance?

Large private collections, naturally, have taken the precautions necessary to fully secure insurance solutions and also have proper risk management in place and are covered for the full value of their precious items. But many smaller collections tend to be under insured, or have settled for a traditional homeowners policy. There are even some that have failed to procure any insurance at all. If these collectors were faced with a devastating event, such as a theft or some incident resulting in significant damage, they may quickly come to the realization that their coverage is simply not sufficient to deal with a major crisis.

Unfortunately, the limit on fine art and collectibles coverage generally ranges from $500 to $2000 for a standard homeowners policy, without the addition of a floater or rider. Even with an added floater or rider, homeowners policies tend to limit the level of exposure. A collectibles policy from North Star Insurance Agents can provide you with limits based on the value of the items being insured.

Keep in mind that filing a claim against a homeowners policy can often leave an insured faced with premium increases at renewal or even the possibility of non-renewal. With a separate collectibles policy from North Star, claims will never affect homeowner premiums or loss history. Plus, you’ll be better off with adjusters that have specialized knowledge and are better able to determine the value of your unique or rare items, which will help to expedite the claims process.