Recruitment Insurance

Through our understanding of your industry, BJS Insurance Brokers can deliver a tailored insurance package through various reliable insurers for recruitment agencies, contractors, and other human resource firms.  Cover is available for White Collar recruitment, Blue collar recruitment and IT recruitment.

Why do Recruitment agencies require Professional Indemnity and Public Liability Insurance?

Recruitment agencies provide placement services for businesses, either in the form of permanent employees, on hired staff or contractor services.

Areas that could present a claim:

• Failure to perform necessary background checks on candidates
• Placing a candidate into a role to which they are not suited or may have inadequate experience
• Vicarious Liability arising out actions of on-hired or contracted staff.

What cover is required by the recruitment industry

Recommended insurance products for risk cover include:

Professional Indemnity Insurance – Cover is designed to protect the recruitment agency from a claim by a third party for financial loss arising from advice given or services provided by the recruitment agency. Extensions are available to protect the recruitment agency for claims caused out of the negligence of on-hired employees or contractors

Public Liability – Cover is designed to protect the recruitment agency for claims from third parties for property damage or bodily injury due to the services performed by the recruitment agency. Extensions are available to protect the recruitment agency for claims caused out of the negligence of on-hired employees or contractors.

Management Liability Insurance – Cover for costs associated with defending directors, managers and employees against claims arising from their actions and decisions. With the ever changing compliance landscape, Statutory Liability (a section within Management Liability) is key to protecting both individuals and the entity against fines and pecuniary penalties.

Worker’s Compensation Insurance – This is a mandatory insurance that varies in each stated. The variances between states can be difficult to manage. There is a high frequency of claims in this line and they can often be challenging to resolve.

Cyber Insurance – with recruitment agencies now holding onto sensitive personal records, in the event of a cyber breach, the business could have costs to not only pay potential ransoms, but also reinstate the data.