Recruitment industry insurance

Public liability insurance

In case your business and products cause an injury or property damage.

What’s typically covered by public liability insurance for recruitment companies?

Claims against your business for:

• damage to someone’s property, because of your business
• injuries or illness caused by your business activities
• an employee (if you have any) accidentally damages property or causes injury

For example:

• a client is injured by a forklift operator while visiting your business, and makes a claim against you
• a maintenance professional slips on your shop floor following a spillage, fracturing their knee
• your employee uses a new product with a client, and they have an allergic reaction to it

**If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.**

Read more about public liability insurance

Employers’ liability insurance

In case anyone gets ill or injured while working for your recruitment company

What’s typically covered by employers’ liability insurance?

Claims against your business for:

• an injury to someone you employ, including contractors and temps, that happens as a result of working for you
• a member of staff (including casual workers) falling ill due to your business

**Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.**

For example:

• one of your employees falls down some stairs in your business premises, and makes a claim against you for chronic shoulder pain
• a temporary employee traps their hand in a door at your premises, causing several fractures
• a member of staff trips on a ledge on their way to a meeting, injuring their hip

Professional indemnity

In case a client loses money because of your advice, services or designs.

What’s typically covered by recruitment company professional indemnity insurance?

Claims against your business for:

• mistakes in the advice you give, which lead to a financial loss for your client
• errors in your certification services that mean a client loses out financially
• negligence in your advice or services that becomes costly for your client

For example:

• your advice on improving a client’s business performance leads to a financial loss for them
• you deliver the wrong certification and training that’s costly for your client to fix
• you make a mistake in a client’s tax return that leads to an HMRC fine

Read more about professional indemnity insurance

Contents insurance

In case something happens to your fixtures, fittings, or operational equipment.

What’s typically covered by business contents insurance?

Claims against your business for:

• accidental damage or destruction caused by flood, fire, theft, or vandalism
• cover for your contents, up to the insurance level you’ve selected

For example:

• your bespoke wooden display units and decorative items are damaged by flooding, and need restoring or replacing
• a fire causes serious damage to your premises, and you need to replace all your office furniture
• someone breaks into your business premises and steals the office printer

Read more about business contents insurance

Business legal insurance

In case you’re hit with legal expenses connected to your recruitment company

What’s typically covered by business legal insurance?

Claims against your business for:

• VAT disputes
• theft of your company’s identity illegally
• compensation under data protection legislation

For example:

• HMRC is investigating your VAT affairs, triggered by seemingly incorrect figures on your return
• a fraudster steals your company’s bank details and buys goods to set up a new line of credit with banks or retailers
• a client is claiming you didn’t process their data in accordance with GDPR, and is seeking compensation

Read more about business legal insurance

Excess insurance

In case you need to make a claim on your insurance policy.

What’s typically covered by excess insurance?

Claims made by you for:

• when you make a claim on a cover included in your recruitment company insurance policy, you won’t need to pay excess

For example :

• strong winds cause severe damage to the roof of your property – you don’t have to pay the £250 excess thanks to your excess insurance
• a guest accidentally breaks a television during their stay at your property and thanks to your excess insurance, you don’t need to pay excess on the claim
• a guest’s child trips on a loose carpet and breaks their arm – they claim compensation and you don’t pay excess due to your excess insurance