Recruitment Agency Insurance
Whether you’re an Employment, Staffing or Recruitment Agency, At SJL, we understand the unique risks and challenges that recruitment agencies face in today’s dynamic business environment.
Why Choose SJL Insurance Services For Recruitment Agency Insurance?
Award Winning Claims Team
National recognition for our claims teams means that you know you are in safe hands.
The Lloyds Standard
SJL are proud to be one of less than 400 brokers worldwide who are a member of this historic insurance market. Giving us access to leading Recruitment Agency Insurance Markets.
Available Recruitment Agency Insurance Covers
Legally required cover for any staff working for you, either on a permanent or part time basis.
This provides cover to permanent and temporary staffing agencies related to negligence or mistakes made resulting in a potential financial loss. This is particularly important for recruitment and manpower agencies as they can be advising on permanent and temporary placements and carrying out candidate checks – exposing them for claims for misrepresentation and costs around re-recruitment and expenses.
Employers liability insurance is designed to cover you in the eventuality that your employees are injured at work, so you can protect your business.
Public liability covers third-party injuries or property damage related to your business activities, while product liability protects against harm caused by your products. Together, they act as a vital safety net, shielding you from financial burdens and ensuring peace of mind in the face of unexpected accidents or product-related issues.
The cover protects the recruitment agency should there be claims related to the negligence of candidate and temporary placements. As recruiters can be deemed as the employer of temporary workers they can be found responsible for their negligent acts. Make sure to speak to your broker for advice on this, as it isn’t always included in Professional Indemnity policies, and the need for it can depend on the hirers contract terms and conditions.
This cover extension protects the temporary staffing agency should their placed drivers damage their hirers vehicles due to their negligence. Cover does not include road risks insurance, and is typically limited to a specific amount per claim and in total throughout the year, but is essential for any recruiters providing temporary drivers.
As a Director, Manager, Partner or Supervisor, you are responsible for making big decisions within your company. Some of these decisions may produce a negative result which can result in actual or alleged claims of “wrongful acts”.
The cost implications for any allegations made can be significant, even for simple investigations. Directors and Officers Insurance (or D&O insurance) provides financial protection should any claims require investigation, defence or legal representative.
Also known as BI Insurance or Business Income Insurance, it offers cover to businesses should something happen to their property, meaning that they cannot trade as normal, and therefore end up in an adverse financial position.
Unlike insurance for the property itself, Business Interruption Insurance helps to cover your fixed costs and loss in profits when your company is unable to trade at 100% capacity.
It allows your business to maintain the same financial position it would have been in should the accident not have happened.
As a manpower agency, you hold huge amounts of sensitive data about your permanent and temporary placements. A Cyber insurance policy helps to cover your business to mitigate any losses, and cover the costs should cyber criminals strike – from fraudulent transfers, to data loss and social engineering.
We can insure any type of business, and our expertise ranges from property and commercial risks, to kidnap and ransom. Literally any type of business, in any sector, anywhere in the world.
Our expert brokers have access to a huge array of insurance products ensuring they can find the best insurance policy for you. They get to know your individual needs and provide the best possible insurance solution for you. You will be provided with an allocated account and claims manager.
Our featured list of Policies can be found on our services page.
Not sure what you need?
Find out more about Recruitment Agency Insurance
Speak to an expert at 01905 27775 or learn more below
Do you need insurance as a recruiter?
As a recruiter, there are a number of covers that you should have in place before you start trading. You should possess three kinds of insurance..
This encompasses Public Liability, which provides coverage for injuries or damages to third parties. Employers Liability offers protection for injuries or damages to staff members. Finally, Professional Indemnity provides coverage for financial losses resulting from your errors. Depending on your services and contracts, you may need extra coverage like Vicarious Liability and Driver’s Negligence.
What is the difference between a Recruitment agency and an Employment agency?
Typically, you base the differences on the type of staff you are placing. Employment agencies have temporary workers, while recruitment agencies find permanent staff for employers based on their needs. The lines can blur a little at times, but we can help to ensure you have the cover you need.
Do I need Vicarious Liability?
In instances of Vicarious Liability, a recruitment firm holds accountability for errors committed by their employees. The firm safeguards itself in these situations. This is not typical in insurance plans.
It depends on agreements with employers. It also depends on the type of work done by temporary hires. Our seasoned insurance consultants are available to guide and provide recommendations based on your needs.
Can I just take out Drivers Negligence insurance?
Unfortunately not. The specific recruitment policy includes Drivers Negligence insurance and agencies or drivers cannot purchase it separately. For a Staffing agency providing drivers, this is essential however, as are the covers that sit alongside it.
We know about driving agencies and market access. We can find the right insurance for your business and give you advice.
and have peace of mind knowing that you're protected.