We see a lot of independent contractors used in the senior placement/referral industry in particular. We understand; independent contractors fill many roles with less cost than hiring full-time workers. However, just because they are “independent” doesn’t mean you are risk-free should a job-related incident occur. If a 1099 worker injures somebody else, causes damage or makes a mistake while working on your behalf, there is a good chance that you are going to get dragged into an insurance claim or litigation.
The good news is that our policy is one of the only in the country that provides an endorsement to pick up independent contractors working on your behalf.
This is a critical coverage, but most placement agents don’t have it included in their policy. I’d rather you be safe than sorry when a claim arises; contact us today for a free policy review.
As a senior placement agent, there are two things you must do to mitigate your risk. First, you need to know whether your insurance coverage considers you as a “Referral/Placement Agent” or as a “Consultant.” We specialize in covering senior placement agencies and our policy classifies you as a “Senior Referral/Placement Agent.”
And… that’s critical.
Other companies claim to cover you. But, in reality, they classify you as a “consultant”, which often limits coverage to those of a business consultant, NOT a placement agent.
The difference is enormous should you be named in a lawsuit. Take a few minutes and check your policy to see what they consider you.
Secondly, you must verify that the facilities you are recommending have insurance. Odds are you didn’t realize it, but most states do not require insurance as part of a facility’s licensing process.
If you place someone in an unlicensed facility and a wrongful death or injury occurs, the first person an attorney will go after is often the placement agent.
We understand the vital work you do, and it’s why we’ve dedicated years to providing the specialized coverage unique to the senior placement industry.
Make sure you have a senior placement/referral agency policy, not just a generic policy that names you as “consultant.”
Give us the opportunity to look at your current plan and give you our no-cost, no-obligation recommendations.
At least when the worst happens you won’t have any surprises.
For more information or clarification about this type of insurance, give me a call at (480) 941-4895 or go to our no-obligation quote form on our contact page.
Considering the cost of legal fees, medical expenses, and other costs, getting the appropriate insurance coverage is far less expensive than risking financial devastation from a liability claim. Call or email us to understand your coverage.