Recruitment agencies are highly relied upon and trusted businesses. Your advice is something both employers and employees become dependent on. If something should be questioned, negligence claimed or a case brought, you need to be sure you have a good level of specialist recruitment agency insurance. Whether you’re a small individual recruiter or own a large recruitment agency, tailored recruitment agency insurance is essential.
What does Recruitment Agency Insurance cover?
Your recruitment agency insurance can be tailored to your individual business needs. In most instances you will want to consider:
Professional Indemnity Insurance
Professional indemnity insurance is probably the most important type of recruitment agency insurance. It is a vital consideration for any business which offers a professional service to other businesses and individuals. Especially where advice is involved. Should you be accused of giving faulty or ineffective advice then professional indemnity insurance provides the cover you need should a case be proven. Most businesses opt for professional indemnity insurance of £50,000 up.
Public Liability Insurance
Almost all businesses invest in public liability insurance. It protects you should someone be injured on your business premises or due to the course of your work. Many companies will only work with agencies who have this kind of cover in place.
Employers’ Liability Insurance
If you employ a single person then you must have employers’ liability insurance in place. Employers’ liability is a legal requirement. It provides financial cover should an employee be injured or become seriously ill as a result of working for you.
These are the standard types of recruitment agency insurance you may want to consider. Only employers’ liability insurance is a legal requirement, with the risk of financial penalty if you do not have it in place, but all are vital for a successful business. Contact Just Quote Me today to discuss your recruitment agency insurance requirements.