recruitment & employment agency Insurance

Public Liability covers the cost of defending your business (including damages awarded against you if unsuccessful) if someone is injured, or their property damaged, which arises from you going about your business or supplying products. The legal fees alone could cost your business thousands of pounds. 

 Among the policies you will need is employers’ liability insurance, for both your permanent employees and relevant contractors. However, you must be aware of the differences between types of contractor, and ensure your policy covers all workers that require it.  

  As a recruiter you are a trusted advisor, for your clients and candidates. Should your clients believe you advised them incorrectly, failed to carry out necessary candidate checks or made a mistake in a job advert, however, they might dispute the value of your work. Professional indemnity insurance helps with the cost of settling claims related to negligence, accidental breach of confidence and civil liabilities. 

 The Cyber threat is becoming more important for contractors every day. When you store personal data about your clients and projects on computers or the cloud, you’re vulnerable to threats from cyber-attacks and data risks.  

 It‘s worth taking out office insurance to cover your workplace contents and computer equipment. This covers you against loss of income or trading equipment.  

You can never really have too much professional indemnity insurance. That’s because it’s almost impossible to predict just how badly things might go wrong.

In recruitment, the nature of your contracts can dictate the amount of professional indemnity insurance you need. The kind of industries or placements you specialise in and if you have vicarious or non-vicarious cover can also make a difference.

Every business is different, so the amount you need can vary. Imagine a worst-case scenario and how much that's likely to cost you. That should give you an indication of how much professional indemnity insurance you need.

 Finding the perfect match for a role can be challenging.

However, if you misrepresent a person or a job, someone won't be happy.

For example, if you say there's an option to work from home when there isn't, a candidate could take a role and then have to leave.

Or suppose you tell a client that a candidate has experience when they don't, or you forget to check their references and they’re fired for lousy performance. You might face some awkward questions from the prospective employer.

Professional Indemnity insurance pays for a specialist legal team to fight your corner. It also pays any compensation awarded to your client.

For recruitment firms and driving agencies, drivers negligence insurance is often a standard contractual requirement where you supply HGV or Van Drivers to your clients.  Unlike many traditional insurance providers, Insync’s recruitment insurance schemes offer affordable drivers negligence insurance which is tailored to the needs of your agency.

Abbeystone is a specialist insurance broker for the recruitment and staff agency sector.

The policy is designed to cover your professional activities as a recruitment consultant/agency and does not extend to include cover for the actions of the people that you supply to your clients. 

 Vicarious Liability Insurance: If a recruitment agency places temporary staff with clients, there may be a potential for vicarious liability if the temporary staff causes harm or injury to others while working. In such cases, Vicarious Liability Insurance may provide coverage for the recruitment agency.

At Abbeystone we can cover this for you.

 Many clients and industry bodies with regulatory requirements will require you to have a minimum level of cover in order for you to undertake a contract, so it's worth checking this before you arrange cover. If you're unsure, or it's the first time you have arranged cover, give some thought to a worst-case scenario and the likely costs involved in putting your mistake right. We offer a range of limits on insurance, so you're sure to find the right cover for your business.