Protecting your recruitment business
Recruitment agency insurance can be tailored to cover all aspects of your business and offer protection against a wide range of risks. Without the right cover in place, you could be personally liable for damages and compensation awards resulting from claims made against you.
We can arrange an insurance policy which is ideal for recruitment agencies so you can work without worry and focus on what really matters – your business. With many years’ experience arranging insurance for recruitment professionals, we’ve gained valuable insight into the exposures you face and the cover that is most relevant to you.
Recruitment agency insurance can be tailored to your individual needs, and typically includes a number of covers designed to protect you against unforeseen events.
Professional indemnity insurance for recruitment consultants
Any recruitment professional will know the importance of getting things right. You’re making recommendations every day, and as careful as you may be, mistakes can easily be made. If you gave wrongful advice, you could be sued for professional negligence by clients or other third parties. Professional indemnity insurance for recruitment agencies can protect you if you make a mistake that causes a client financial loss. This is a cover you will need and you should speak to us over the telephone or arrange a call back so we can arrange protection on your behalf.
Property protection for recruitment agencies
If you’re based in an office, then you may wish to cover your office contents and computer equipment, as well as documents and records that play a key role in your trading activities. Buildings insurance can be added if needed, meaning that all your assets can be protected from fire to flood, storm damage to subsidence for example. You can also insure laptops and tablets away from your office, so you can go out to meet clients without worrying about potential losses.
Business interruption cover goes hand in hand with property damage as part of your employment agency insurance. This can protect your income and fixed expenses should you suffer damage at your premises that means you are unable to trade. It can even help you trade from temporary premises while your building is being restored, meaning that your business can continue to run while your insurance takes care of repairs.
Recruitment agency liability insurance
Liability insurance is a key part of any recruitment agency insurance policy, as this will protect you should anything happen to your clients, staff and any other guests at your office. Public liability insurance covers injury to third parties, or accidental damage to their property. For instance, if a guest at your premises fell down some stairs sustaining an injury, they may be entitled to compensation. Public liability cover will typically cover this for you, as well as any medical and legal costs incurred as a result.
Employers' liability insurance would cover you in similar circumstances; however this is designed specifically for claims against you from staff. This is required by law if you have full or part time staff, and will typically be covered to a limit of £10 million.
Legal protection insurance for employment agencies
Commercial legal expenses should also be considered when arranging your recruitment agency insurance. This will safeguard against employment disputes and compensation awards, tax and VAT disputes, as well as provide a jury service allowance.
All these covers can be packaged together to meet your business needs and make up an easy to buy policy to give you peace of mind and let you work without worry.
Compare recruitment agency insurance
Recruitment agency insurance is designed to cover the unique activities of professionals in the industry, whether you specialise in clerical or manual placements, or purely executive positions.
We arrange insurance to cover a range of risks that could negatively impact your livelihood. Simply speak to one of our business insurance advisors for advice and a recommendation today.