TROY, Mich. (July 1, 2011) – Kelly Services today announced the expansion of its Supplier Insurance Program to include eligibility by Independent Contractors. The program offers affordable, contract-specific coverage that enables small and mid-sized secondary suppliers to secure the required insurance limits needed to maintain or initiate business in Kelly-managed staffing arrangements.
Launched in 2009, Kelly Services became the first staffing firm to offer excess general liability and/or third-party crime insurance through a partnership with the American Staffing Assurance Company (ASAC). The Supplier Insurance Program was initially offered to Kelly’s secondary and managed supplier partners and was developed to provide an affordable insurance alternative to suppliers who might otherwise have been prevented from doing business with major corporations.
Since the program’s launch, more than 25 percent of Kelly’s programs, with a supplier component, have suppliers who utilize the Supplier Insurance Program. To date, more than 100 policies have been issued. The success of the program has not only paved the way to expand the program’s eligibility to independent contractors or “consultants”, but also provides Kelly’s customers access to a broader pool of quality talent.
The Supplier Insurance Program demonstrates commitment by Kelly to its secondary supplier base and is a comprehensive product offering with a competitive pricing model. Among the benefits of the program are:
• The elimination of barriers to supplier participation in Kelly’s managed staffing arrangements.
• The availability of either excess liability or primary third-party crime coverage.
• A low annual cost to maintain coverage.
• Underwritten by a well-respected insurance provider — ASAC through Lloyd’s of London.
• Strategic — suppliers can add the Supplier Insurance Program to their existing insurance in order to improve their current insurance coverage.
“Trying to apply for insurance as a small business on my own was very expensive and I could not afford to get it. Since I started using the Kelly supplier insurance program, it has truly helped me increase my company’s bottom line and expand my business nationally,” said Wanda Wallace, president and owner of Employment Solutions Staffing, Inc.
“Kelly is setting a precedent within the staffing industry as the first workforce solutions company to offer this insurance program,” said Peter Quigley, senior vice president and general manager, Global Client Relationships, Kelly Services. “The program provides excess insurance coverage at a fraction of market rates. By assisting our supplier partners, we enhance our ability to provide our customers with the breadth, depth and diversity of talent in demand.”
About Kelly Services
Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions. Kelly offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire and direct-hire basis. Serving clients around the globe, Kelly provides employment to more than 530,000 employees annually. Revenue in 2010 was $5 billion. Visit www.kellyservices.com and connect with us on Facebook, LinkedIn, and Twitter.
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