In recent years Recruitment Consultants have seen a surge in applicants searching for work but with a declining job market leaving fewer posts to fill and the growth of online competitors, margins have been squeezed. In these circumstances it is crucial for your firm to have an organised approach to risk management because attempts to boost profits by cutting costs or exploring new areas of the market can leave your firm exposed.

As part of your risk management strategy our specialist Professions team are able to offer comprehensive insurance packages to protect all manner of recruitment firms; whether you’re a high street office placing candidates in the general market or a specialised firm head hunting in technical areas, we have access to insurers who will provide the specific cover you need.

Our Products and Services

As an independent Lloyd’s broker with over 35 years of experience, we are well placed to negotiate terms on your behalf but as a family-owned firm we can still provide the personal service that you need from an insurance intermediary. Although we specialise in Professional Indemnity we have also built up a range of complimentary commercial insurance products so that we can meet all your firm’s needs.

Professional Indemnity (otherwise known as errors and omissions)

Ensuring you have sufficient Professional Indemnity insurance in place should be a key part of your risk management strategy. Negligence claims can not only cause a one-off financial loss but can also disrupt business relationships and adversely impact your reputation.

Example Claim: If a firm placed an employee in a role having failed to properly confirm the accuracy of their qualifications, they may be liable for any losses to the employer caused by the candidate. Appropriate PI cover can not only protect your balance sheet but a swift resolution to a claim could save your business relationship and reputation keeping you in your clients’ top tier of recruiters.

Not only does this case show the importance of having adequate Professional Indemnity Insurance in place, it also shows the importance of ensuring that any sub-contractors used also have the necessary insurance to cover any potential claims.

Office Insurance

We have an arranged an exclusive Office Combined scheme for our clients to ensure all their property is fully covered.

• Offers a broad coverage on office content against theft, loss and breakdown
• Policy also includes employers liability and public liability

For more information on our Office Insurance click here

Directors’ & Officers’ (D&O) Insurance

• Covers the Directors and partners from claims made against them in their capacity as a company executive.
• Covers defence costs as well as damages awarded
• Policies can include cover for breach of duty, contract and warranty defamation, misleading statements etc.
• We can also offer a Management Liability Portfolio which includes Employment Liability cover and Corporate Legal Liability

For more information on Directors’ and Officers’ Insurance please click here

Management Liability Portfolio (MLP)

• The policy includes D&O, Employment Liability Cover and Corporate Legal Liability

For more information on our Management Liability Portfolio Insurance click here

Although these are the main policies most firms require, if you have any additional insurance needs (Keyperson Insurance, Employee Crime, etc) we are also able to assist you with these requirements.

The above products and services will be subject to individual policy terms and conditions.