Why do recruitment consultants need insurance?

Recruitment company insurance helps protect you and your business against many everyday risks, from mistakes and negligence allegations to injury claims and unplanned business interruptions.

Recruitment consultants and headhunters work closely with businesses to help them meet their staffing goals. While you no doubt provide excellent work, managing client expectations can be challenging. Your job may also mean working in a client’s offices, which creates its own kind of risk.

That’s why different types of recruiter and headhunter insurance can help you protect your growing consultancy. Recruiters often consider policies like:

Professional Liability insurance – Helps pay lawyers fees and other expenses related to work mistakes, negligence allegations, failing to fill a role, and other professional wrongdoing.
General Liability insurance – Covers you if your actions cause a client injury or property damage.
Business Owner’s Policy – Protect your recruitment agency and business assets from unplanned events.

Find recruiter and headhunter insurance that fits your needs. Click or call to compare free quotes today.

Did you know?

Freelance recruiters and sole traders are personally responsible for all aspects of their business, both legally and financially. Insurance can help protect your reputation and wallet if things go wrong!

What types of insurance do recruiters need?

Recruiters may need different types of headhunter insurance, depending on their business set up and needs.

Professional Liability insurance

Also known as Errors and Omissions (E&O) insurance, this type of policy protects your business against claims of negligence, misrepresentations, or mistakes. Professional Liability claims are typically made by clients who allege some form of financial damage as a result of your services, products or employees.

Professional Liability insurance covers recruiters and headhunters against false allegations, which can be just as expensive to manage as claims that have merit.

Key coverage:

Negligence claims
Mistakes, errors and omissions
Breaches of contract and missed deadlines

General Liability insurance

Also referred to as Commercial General Liability (CGL) or “slip and fall coverage”, this insurance can protect your business against bodily injury or property damage lawsuits from outside parties.

If you regularly meet with clients in person (at your office, their office, or other third party sites), you might consider a General Liability policy to help you manage common risks.

Key coverage:

Client property damage
Client bodily injuries
Libel, slander and defamation

Business Owner’s Policy

A Business Owner’s Policy (BOP) is a combination of policies, combining covers such as General Liability insurance and business personal property coverage, to help protect small businesses from costly interruptions to service.

A BOP can be an affordable way for recruiters to protect their commercial premises and assets and get General Liability insurance.

Coverage options:

General Liability
Business interruptions
Business property

How much does insurance for recruitment agencies cost?

Every recruiter is unique. The way you do business might be different than the recruitment agency down the street. These differences can impact the cost of your insurance coverage.

Insurance companies may consider these and other factors when pricing your executive recruiter’s insurance:

The services you offer
Annual revenue
The number of people covered by the policy
Your risk management strategy
Your claims history
The types of coverage purchased
The amount of coverage you require

Want to get an idea of how much recruitment company insurance will cost for your business? Comparing quotes from multiple insurers is a great place to start.

How do I get recruitment agency insurance?

BizInsure makes it easy for recruiters and headhunters to protect their small businesses.

With an easy online application, you can compare policies from multiple carriers and buy in minutes. You’ll be covered instantly and receive the policy documents to your inbox.

Complete an online application (no complicated paperwork necessary!)
Compare quotes from A-rated (or better) US insurers.
Buy your policies and get instant coverage.

Start protecting your recruitment agency today and get back to helping clients!

As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice. The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
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Insurance for Recruitment Consultants