Insurance for Recruitment Agencies
Recruitment Agency Insurance You Can Trust
Are you looking for a broker who understands your needs and can provide recruitment agency insurance that covers more than just the essentials? With over twenty years’ experience within the recruitment sector, Kingsbridge Recruitment Insurance are well placed to offer insurance policies that are tailor made for recruitment agencies.
Protecting Recruitment Agencies with Tailored Cover
At Kingsbridge Recruitment Insurance, we recognise the unique nature of every business, especially within the dynamic and fast-paced Recruitment Sector. That’s why we craft bespoke insurance solutions precisely aligned with the distinct requirements of your recruitment agency. Our dedicated team of insurance specialists ensures tailored coverage, backed by A-rated insurers, delivering peace of mind and specialist protection for many types and sizes of recruitment agency.
Policy benefits of our Recruitment Insurance
By working with our global partner Zurich Insurance, we have tailored a full insurance solution for your recruitment business, which includes the following exclusive policy benefits:
- Professional indemnity insurance up to £10 million
- Public liability insurance up to £10 million
- Employers’ liability insurance up to £25 million
- Vicarious liability extension to professional indemnity insurance
- Cover for temporary placement
- Drivers’ negligence insurance
- Legal expenses insurance
- Management liability insurance
- Cyber insurance (can be extended to provide more comprehensive cover, e.g. for data breaches)
It is not just legally required cover for your staffing agency that we provide; we are specialists in insurance products for this sector, assessing your risk of financial loss and reputational damage to deliver on your specific insurance requirements. This means we provide business insurance that is not just off-the-shelf, but personalised to serve the needs of recruitment industry risks.
Frequently asked questions
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What insurance cover does a recruitment agency need?
Insurance needs for recruitment firms aren’t one-size-fits-all. They depend heavily on your company size, structure, and operations.
While essentials like public liability insurance and employers’ liability insurance are a must in this sector (with the latter a legal requirement for almost all agencies), additional coverage depends on your business terms. Professional indemnity insurance, protecting you from negligence claims, is crucial. Beyond these core needs, a thorough risk assessment ensures you have the right coverage for your agency.
Unsure what you need? Our team can guide you through the process, ensuring your agency is comprehensively protected.
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What is professional indemnity insurance?
Professional indemnity insurance safeguards your business from costly legal claims arising from professional negligence. This includes situations where a client might sue you for:
- Offering inaccurate or misleading advice
- Failing to conduct necessary background checks on potential hires
- Accidentally breaching client confidentiality
The policy can also extend to cover claims for defamation or intellectual property violations.
Even the most meticulous professionals can make unintentional mistakes. Professional indemnity insurance provides peace of mind, ensuring your business isn’t left financially vulnerable in the event of an error.
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What is retroactive cover?
Professional Indemnity insurance protects you for claims arising from your work in an employment agency, but there’s a crucial distinction to understand.
- Retroactive cover: This extends your policy’s protection to claims arising from work done before you started the policy, as long as the claim is made during the policy period. Be sure to provide your chosen retroactive date when obtaining your policy.
- Claims made basis: This means your insurance will only cover claims made while your policy is active, regardless of when the actual work was carried out.
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What is public liability insurance?
Public liability, general liability, and third party liability insurance all refer to the same essential coverage. This insurance safeguards your business against two common risks:
- Property damage: If a customer, visitor, or member of the public suffers property damage due to your business activities, your insurance covers this.
- Physical injury: The policy extends protection if a third party injury occurs through bodily harm on your premises or as a result of your work.
Accidents happen, even in the most attentive workplaces. A slip, trip, or mishap can lead to costly claims. Public liability insurance provides peace of mind, ensuring your business isn’t left financially vulnerable in the event of a third party injury claim.
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What is employers liability insurance?
Employers liability insurance protects your business in the same way as public liability cover, only instead of protecting against property damage or physical injury to members of the public in connection with your work.
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What is drivers' negligence insurance?
Here’s why it matters:
- Client satisfaction: Prevents minor repair claims impacting a client’s insurance premiums, maintaining a positive relationship.
- Growing demand: More clients are requesting this coverage, ensuring you meet their evolving needs.
Important to note: Drivers’ Negligence Insurance is specific to damage to the client’s vehicle and does not extend to third-party property or injuries.
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What is vicarious liability cover - and do I need it?
Vicarious Liability Insurance is an add-on that extends your professional indemnity cover, safeguarding you against negligent acts by workers you supply to clients.
Why it matters:
- Contractual obligations: Some client contracts require this coverage, leaving you exposed without it.
- Expanded liability: Non-standard terms can unexpectedly extend your liability for worker actions.
Vicarious liability claims can be costly. Don’t leave your business vulnerable. Talk to our team today to understand your specific needs and secure the right protection for all your business needs.
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Can I get insurance for my recruitment business as a self employed consultant?
Recruitment companies of all sizes require insurance cover, including self employed consultants. Kingsbridge Recruitment Insurance can help provide professional indemnity cover, including cover for legal disputes and legal fees resulting from claims made against consultants.