*Based on £100,000 cover
As with all professions, recruiters are expected to operate with professionalism and diligence. However, even where suitable safeguarding and quality control measures have been taken, mistakes can still happen. If that mistake causes a financial loss to a third party (or a third party simply alleges a mistake to have been made) the cost of simply defending such a claim alone can be extremely high. PI insurance protects against this eventuality and provides valuable security to your business.
Qdos’ Recruitment PI insurance has also been enhanced to cover a variety of cyber risks including data protection defence and hacker damage. This important added cover provides additional peace of mind in an environment where cyber risks are increasingly prevalent.
It's important to note that our online policy doesn't provide cover for vicarious liability. If you're responsible for the errors or omissions of the workers you place, please complete the proposal form provided below and submit to [email protected] for a bespoke quotation.
Put simply, vicarious liability describes circumstances where one party takes responsibility for the actions of another.
One of the most common examples is an employer’s liability for the actions of their employees. This is particularly relevant for the recruitment sector where the ultimate employer may not be clear-cut.
In many cases, contracts between the parties in the supply chain will aim to clarify the matter of vicarious liability. This means that even where there is no employer/employee relationship created by the nature of the engagement, a recruitment company may still be vicariously liable for the actions of the workers they have placed.
For obvious reasons, where a recruitment agent is vicariously liable for the actions of the workers, there is a greater exposure to claims under Professional Indemnity and Public Liability insurance. Therefore, it's crucial to take the time to understand the nature of the cover you require, and the adequacy of the insurance you have in place.
Whilst our online product is designed for firms who don't have any exposure to vicarious liability, if you need more comprehensive cover, get in touch with our expert team for a tailored quote.
Protect your recruitment business against allegations of third party injury & property damage
We can arrange bespoke cover directly for:
Download a proposal form below and send to [email protected]
Qdos has specialised in contractor insurance for over two decades, and have worked closely with numerous recruitment agencies and umbrella companies to deliver tailored offerings in this time.
As a subsidiary of Tokio Marine HCC, our unique positioning in the market enables us to provide businesses with a personal and tailored service but with the backing of a global insurer.