What does recruitment agency insurance cover?
What type of insurance do recruitment agencies need? Public liability, employers', premises, etc.
At Park Insurance, we can create a bespoke insurance portfolio that covers every aspect of your business, from the computers in your office to your professional reputation.
We'll never try to sell you insurance you don't need; instead, we focus on the essentials to protect you, your business, and your financial stability. Whether you need buildings and contents insurance to protect you against flood and fire damage, or Professional Indemnity cover to safeguard your reputation, we can help. Our policy portfolios include:
- Employers Liability
- Public Liability
- Products Liability
- Drivers Negligence
- Domiciliary Care
- Malpractice
- Professional Indemnity
- Business Interruption
- Legal Expenses
- Personal Accident
- Directors and Officers
- Technology Risks
- Fidelity Bonding
- Property (Buildings, Contents, Computers, etc.)
FAQs
How much does recruitment agency insurance cost?
How much you pay for your recruitment agency insurance cover will depend on your needs, your budget, and your business model. Because we don’t supply a ‘one-size-fits-all’ solution, we can tailor your insurance policy to suit your exact needs, whether you're a sole trader, have a team working with you, or are a larger recruitment agency with branches nationwide.
As preferred brokers, we can source insurance for staffing companies from the UK’s top insurance providers. That means more choice for you, better deals, and the peace of mind that comes with knowing you have the right kind of policy in place. Without insurance, you could end up paying thousands if a compensation claim is made against you. The question really is, how much could it cost you if you don't have the right cover?
Do I need employer's liability insurance if I place temporary staff?
Yes. UK law requires you to have employers’ liability insurance of at least £5million if you employ staff, including temporary workers under your supervision or control. Temporary staff are regarded as employed - not by the company they are assigned to, but by the agency. That makes you their employer, and therefore, you have to have employer's liability cover.
Can I adjust my coverage in the future?
Absolutely. Businesses are changing all the time, so if your company starts to grow quickly, or you expand into a new area, you can add to your recruitment agency insurance package as you need.
Working with Park Insurance
For over 30 years, Park Insurance has been the insurance broker that employment agencies trust. Our expert team don’t just understand insurance, they understand your business too. Our enviable position as preferred brokers means we can search out the best deals on insurance, from PLI to specialist cover for Directors and Officers in larger organisations. Talk to one of our team for more information, or use our Get A Quote online feature for an instant, no-obligation quote today.