Why do Recruitment Consultants need it?
Recruiting the right employees for your clients is your expertise and getting you the right insurance is ours. With just a few clicks or a single phone call, you’ll get multiple quotes from leading insurers. Select your preferred policy and you’ll be covered instantly, so you can continue running your business without any worries.
Did you Know?
You can be held professionally negligent for not checking your placement’s cv thoroughly.
Insurance for Recruitment Consultants covers a broad range of business activities
Professional Indemnity Insurance for Recruitment Professionals
PI insurance is designed to indemnify the insured for a claim that is first made whilst the policy is in force as a result of a breach of professional duty in respect of the conduct of the professional business in the Recruitment Industry.
This class of insurance is written on a ‘claims-made basis’. This means that the policy provides cover for claims made during the period of insurance in respect of professional services provided after the retroactive date, subject to the terms and conditions of the policy in place at the time. The retroactive date will be specified in the policy schedule.
All PI insurance policies will have a ‘limit of indemnity’ and a ‘deductible’ or ‘excess’. The limit of indemnity is the maximum amount that the insurer will pay for any one claim. The deductible applies for each claim such that the amount of each claim up to the deductible must be paid by the insured.
Recruitment Consultants generally require professional indemnity to comply with professional association requirements, professional standards legislation or to meet the requirements of many clients and/or tender processes