Starfish Specialty is proud to announce the launch of STAFFprotect, a groundbreaking Employment Practices Liability Insurance (EPLI) product tailored specifically for the Professional Employer Organization (PEO) and Staffing Industry vertical. Designed to address the unique challenges faced by these industries and their clients, STAFFprotect delivers a robust and comprehensive mono-line Master Program solution that redefines EPLI coverage in today’s marketplace.
Key Features of STAFFprotect Coverage
STAFFprotect sets itself apart with unparalleled features and benefits, ensuring seamless and comprehensive protection:
- Separate “PEO” and “Staffing” Insuring Agreements: Tailored provisions and definitions to support the specific needs of each industry.
- Comprehensive Coverage: Coverage solutions designed to address downstream exposure for PEO clients and Staffing Firm customers.
- Auto “Nose” and “Tail” Features: Innovative policy features that prevent gaps in coverage for both incoming and outgoing clients.
- Access to ePLace Risk Mitigation Services: Unlimited, full access to industry-leading resources included as part of the policy premium.
- Non-Auditable Policy: Provides a clear, fixed cost for clients.
- Minimum SIR and Premium: $15,000.
Who Is STAFFprotect Designed For?
STAFFprotect was created for sophisticated PEOs and Staffing Firms looking for a transparent, customized EPLI solution for themselves and their clients. This product offers affirmatively tailored coverage that addresses industry-specific exposures, making it a one-of-a-kind offering in the EPLI marketplace.
Comprehensive Coverage for Employment-Related Losses
STAFFprotect covers a wide range of employment-related risks, including but not limited to:
- Wrongful termination, harassment, and workplace bullying
- Employment-related misrepresentation, libel, slander, and defamation
- Negligent supervision, hiring, and retention
- Sexual harassment, retaliation, and workplace violence expense
- Wage and hour defense, immigration claims, and negligent evaluation
Coverage Availability and Limit Options
STAFFprotect offers flexible coverage options, including limits up to $5,000,000 for:
- Employment Practices Liability for PEOs, Staffing Firms, and their clients
- Third-party discrimination (optional for Named Entity and PEO clients)
- Workplace violence expense, wage and hour defense, and immigration claims extensions (for Named Entity only)
Automatic “nose” and “tail” features further enhance the policy’s flexibility, ensuring continuous protection for PEO clients.
A+(XV) Rated and Backed by Great American
STAFFprotect is underwritten on A+(XV) paper and includes in-house claims handling by Great American, offering clients peace of mind with a trusted and reliable partner.
Supporting Risk Mitigation with ePLace Services
In addition to comprehensive coverage, policyholders gain unlimited access to ePLace risk mitigation services, providing essential tools and resources to proactively manage risks and prevent claims.
Learn More About STAFFprotect
STAFFprotect is the ultimate EPLI solution for PEOs and Staffing Firms seeking customizable, transparent, and comprehensive coverage. For more information, contact the Starfish Specialty team at STAFFprotect@starfishspecialty.com.
This innovative product reaffirms Starfish Specialty’s commitment to providing cutting-edge insurance solutions that meet and exceed the needs of its clients in dynamic and evolving industries.