Skyrocket Profitability Staffing Agencies' High-Limit Insurance Secrets
Real-World Examples and Pricing Context
In practice, high-limit insurance can vary widely in cost, depending on factors such as the agency's size, the industries it serves, and its claim history. For instance, a staffing agency specializing in healthcare placements might pay a higher premium due to the increased risk of malpractice claims. Conversely, an agency focused on administrative roles may secure more affordable coverage. According to industry data, premiums for high-limit policies can range from $5,000 to $50,000 annually, with coverage limits extending into the millions1.