recruitment agency insurance
Why you need specialist recruitment insurance
Specialist recruitment agencies can now cover everything from I.T. to oil and gas, and each sector has its own requirements. We offer over 35 years of experience dealing with recruitment agency insurance, providing for all types of recruiters and their unique insurance needs.
- Our service
As well as providing recruiters with insurance advice and wide-ranging insurance packages, we also offer a range of cost-effective insurance solutions for umbrella companies and freelancers.
- Industry bodies
We are proud to be associated with a number of well recognised industry bodies such as APSCO and TEAM, while also being the sole insurance broking provider to the REC.
- Who we work with
No matter the size of your recruitment agency, we provide an outstanding service to a great number of start-ups and small to medium sized recruiters as well as the larger businesses.
How our recruitment agency insurance team can help
With a selection of specialist recruitment insurance policies on offer we can ensure you are covered for all eventualities.
We don’t just provide you with market leading policies either. We take time to understand your business and give considered advice. Whether that’s on how best to mitigate risk, or bring attention to those risks you weren’t fully aware of, our aim is to ensure your business runs smoothly.
As the appointed insurance broking partner of the REC and IMA, we are able to provide members with a unique recruitment agency insurance offering.
Industry insights for the recruiter
The UK recruitment industry is facing it’s toughest challenge to date, with issues ranging from IR35 to the impact of Coronavirus. We take a look at these issues, offering advice, and insight to help your recruitment agency thrive.
After spending many months researching and listening to what our clients really need, we created Recruiters Choice. Developed with leading insurer Hiscox, Director Peter Stoll, has stated that this policy “offers some of the widest cover within the sector, giving recruitment agencies the ‘best of breed’ in the insurance market.” This includes comprehensive liability and indemnity cover with additional extensions.
Clients are increasingly insisting contractors carry their own insurance cover. In conjunction with Hiscox, we are able to offer a recruitment insurance package created exclusively for freelance contractors working via recruitment companies. This product can cater for a wide range of manual occupations.
We've also created a package of insurance designed especially for umbrella companies, called Umbrella Choice. This provides cover for accountancy/payroll and workers using their services. We can also provide insurance for CIS, single person limited companies and other self-employed contractors.
Read the latest recruitment insurance articles
There is an unavoidable hardening of the insurance market. Recruiters may be hit when it comes to financial lines insurances, but what is the cause?
Following the 2021 Budget announcement in Parliament on 3 March, we can now be sure that IR35 amendments will come into force on 6 April 2021. What does this mean for recruiters?
Frequently asked questions
As your company name is on the contract with the hirer, the hirer will likely pursue you in the first instance when there is a negligent act, error or omission by the contractor you supplied that costs the hirer money. Furthermore, can you be certain that the contractor has bought adequate insurance cover for themselves? For instance, have they
- paid their premium?
- renewed their policy?
- got an adequate indemnity limit on their policy?
- where required, extended their cover for off-shore work, rail or drivers’ negligence?
- not cancelled their policy after commencement of the assignment?
Feedback from our Recruitment clients
Having worked with Peter and the team for over 5 years, I can without hesitation recommend their services to all Recruitment businesses.
Marsh Commercial work with us to respond to an ever-changing landscape, not only in the sectors in which we work but also in our industry as a whole.