Back to Blog

Why the Insurance Industry Needs Background Checks

PSI Team | Uncategorized

Your insurance company handles an immense amount of valuable, sensitive data every day. Both you and your employees are responsible for keeping this information safe. As such, it’s important to fill your company with individuals that you can trust. When it comes to hiring practices in the insurance industry, background screenings are of the utmost importance. Find out exactly why the insurance industry needs background checks and how your company will benefit from these screenings with this guide.

Preserve Client Information

Insurance companies receive a lot of sensitive information from their clients. They have access to bank accounts, social security numbers, and other private information. This makes your insurance company a prime target for fraud and other crimes. It’s your responsibility to secure your customer’s information. To do this, you need employees who will handle your data safely and responsibly. A background check helps you hire dependable, trustworthy people who won’t misuse your clients’ most sensitive information.

Protect Company Integrity

On top of protecting customer information, another reason why the insurance industry needs background checks is to preserve your company’s name. You want both current and potential clients to trust you, which means you need a reputation of honesty, integrity, and security. Unfortunately, it’s much easier to ruin a reputation than to build one. It takes only one bad incident to break your clients’ faith in you and your business. It also takes only one ill-intentioned employee to create such an incident. On the other hand, if you look into your applicants’ criminal records, financial history, and other background information, you can make sure you hire individuals who will uphold your company values. Additionally, these smart hiring decisions will help you follow industry regulations and avoid lawsuits that can put your company in a lot of financial and legal trouble.

Promote a Safe, Reliable Workplace

Just like any other industry, background checks in the insurance world help keep your office environment and your entire team safe. If you unknowingly hire an employee with a criminal record or history of substance abuse, you are potentially bringing those issues into your workplace. This puts your other employees at risk and places a lot of strain on the entire team. By implementing a thorough background screening process, you help verify each candidate’s history. Not only can you avoid a lot of serious problems this way, but you also guarantee that your applicant has the qualifications and experience you want on your team. Background checks help you create a dependable team of productive, driven employees who help push one another and your company to greater heights.

When it comes time to create a reliable background screening service for your insurance company, don’t go it alone. PSI Background Screening has the pre- and post-employment background screening services you need to bring success to your company. We’ll help you hire an amazing team so you can focus on doing amazing work.