What is recruiter insurance & what does it cover?
As a recruiter, your job is to help businesses find the ideal candidate to fill vacant roles in their teams. You understand the importance of finding the right fit. But what happens if your advice leads to the wrong choice and your client ends up losing money as a result?
Business insurance is a combination of covers you can choose to best protect your business. Many recruitment consultants will have at least professional indemnity and public liability insurance.
Professional indemnity is the most common choice of cover for recruiters as it protects you from claims that arise when a client who followed your advice loses money as a result. Public liability protects you from claims made by a third-party for accidental injury or damage.
And as your company grows, possibly expanding into its own office or taking on more staff, your insurance can be altered to make sure you’re covered every step of the way.
What types of cover are best for a recruitment consultant?
Professional indemnity insurance for recruitment consultants
Professional indemnity insurance to protect you from claims if your client loses money after following your advice. For example, finding the perfect candidate for a role can be difficult – but your clients are relying on you to find them the right fit for their business. If you don't do enough research before recommending a candidate who turns out to be the wrong fit, it could end up in a claim against you.
Public liability insurance for recruitment consultants
Public liability insurance protects you in the event of a third-party claim against your business for accidental damage or injury. For example, part of your job requires you to interview and screen candidates for your clients. But what if a potential hire is visiting your office for an interview, and trips over a loose cable which leaves them injured? Public liability can protect your in the face of a claim like this.
Business equipment insurance for recruitment consultants
Business equipment insurance helps repair or replace any equipment than may get accidentally damaged, lost, or stolen. For example, what happens if you accidentally spill a coffee on a clients laptop. You can cover items like mobile phones, tablets, and laptops, as well any things like portable machinery and office equipment (computers, printers, copiers etc).
Do self-employed recruiters need business insurance?
Whether you’re working for yourself, or you have a small company, you still need business insurance.
The main difference is that when you’re self-employed with no employees, you don’t need to have employers’ liability insurance.
What factors influence the cost of my policy?
Every policy is different, but there are some common factors that will affect the price of a policy. These include:
- The type of work you do
- If you have employees
- The types and levels of cover you choose
- Your experience
The best way to find out what your policy will cost is to get a quote. It's quick, easy and you can do it online.
Business insurance from AXA costs from £6.81* a month. To find out how much it would cost for you to get cover with us, click the button below to get a quote online.
Get a business insurance quoteClick to start a business insurance quoteProtect your business today, and Future You will thank you
Your business is your livelihood, so we know when things go wrong it’s vital you get back up and running as quickly as possible.
Business insurance is there to help make that process as smooth as possible, whether it’s an accidental injury, a broken laptop, or damage to your office – we’ve got your back.
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