Contact: 0116 478 3390 info@qdoscommercialservices.com

Ensure your organisation is protected, with bespoke insurance policies for recruitment agencies

RECRUITMENT AGENCY INSURANCE

Qdos are a specialist provider of insurance to personal service company (PSC) contractors and to the recruitment firms that engage them.

Where you require a scheme for your PSCs, or insurance for your umbrella company, recruitment agency, or payroll provision, Qdos offer a range of insurances including Professional Indemnity, Public and Employers Liability, Drivers Negligence, Personal Accident, Directors & Officers, Cyber insurance, and more.

Qdos have developed a suite of products available for online purchase, or get in touch for a bespoke quote.

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What insurance does a recruitment agency need?

The only insurance policy that is legally required of a recruitment agency is, if the business has employees, Employers Liability. However, clients of a recruitment agency will invariably set out that their chosen agency should have in place adequate Professional Indemnity and Public Liability coverage as well.

What are the risks of not having adequate agency insurance in place?

The following is a list of a few of the potential claims that you are exposing your business to by not having adequate recruitment agency insurance in place.

  • Legal action arising relating to the suitability of candidates placed
  • Errors or omission on the part of your workers, where you are vicariously liable
  • Intellectual property or breach of copyright
  • Disputes relating to your business’ duty of care

When all is said and done, having good recruitment agency insurance in place takes the pressure off and allows your business to grow freely and without worry. It should also be noted that carrying appropriate insurances will ensure compliance with the contractual terms of clients.

INSURANCE FOR RECRUITMENT COMPANIES

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Here are some examples of insurances we offer for recruitment agencies here at Qdos:

For smaller recruitment firms (with a turnover of up to £2.5m per annum) who are responsible for the placement of self-employed, temporary or permanent staff, Qdos have developed a range of insurance products available for online purchase.

  • Professional Indemnity– Includes cover for a variety of Cyber Risks including, Data Protection defence cost and hacker damage. It is important to note that our online Professional Indemnity policy does not provide cover for vicarious liability – if you are responsible for errors or omission of the workers you place, please contact a member of our team.
  • Liability InsurancePublic Liability and Employers Liability in respect of your in house staff. We are also able to include cover for Drivers’ Negligence to your policy if required.
  • Upon request, we can also offer bespoke Personal Accident Insurance, Directors and Officers Liability, and designated Cyber Insurance.

We also offer cover for larger agencies, umbrella companies, CIS, and more complex risks:

This isn’t a case of one size fits all. If your organisation is considered a larger firm and/or has more complicated insurance requirements, then the standard forms of cover we offer online might not be suitable for you.

Here at Qdos, we are able to put in place a form of cover that works for your organisation, this includes:

  • Umbrella companies
  • Firms providing self-employed CIS workers
  • Recruitment agencies with a turnover in excess of £2.5m
  • Any recruitment companies that accept vicarious liability for the actions of the workers they place

If you would like to arrange cover or simply benchmark your existing cover against another provider, please download, complete and return the relevant form below.

Recruitment Agency Proposal Form
Umbrella Company Proposal Form

DRIVERS’ NEGLIGENCE INSURANCE

What is Drivers’ Negligence Insurance?

Drivers Negligence insurance covers you in the event of material damage to motor vehicles caused by the negligent act of any temporary worker supplied by the Policyholder, for which the Policyholder is liable.

Is Drivers Negligence Insurance a legal requirement?

While Drivers negligence insurance is not required under legislation, if you supply drivers it is not unusual for your clients to specify that you have adequate Drivers Negligence cover in place.

Drivers Negligence Insurance is something we can include as part of your Recruitment Agency Liability Insurance here at Qdos.

SCHEMES

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Why a scheme might be beneficial for your organisation

In many cases, businesses who facilitate contracts for PSCs or other self-employed workers are required to ensure that workers carry the necessary insurance.  While this requirement may be passed on to the individual worker to make the necessary arrangements, other firms will seek to arrange schemes for their workers.  Qdos are a recognised provider of insurance schemes to agencies, accountants, affinity groups and general recruitment firms.

Scheme provisions come with a number of benefits.  By arranging cover for their contractors, a firm can enhance the service they offer, and ensure that all workers have adequate cover.  In addition, where workers are referred to a scheme in volume, discounting and commission earning become possible.

If you would like to learn more about Qdos scheme arrangements, please visit our Insurance Scheme page, or contact a member of the team to discuss further.

CONTACT US

QDOS COMMERCIAL SERVICES PROVIDING YOUR BUSINESS WITH THE TOOLS AND RESOURCES TO MANAGE IR35 CHANGES IN THE PRIVATE SECTOR

Speak to a member of the team for more information and a bespoke quotation.

Self-Employment Specialists

With over 30 years’ experience providing tax and insurance services to the UK’s self-employed workforce, and the businesses which engage and service them

Owned by Tokio Marine HCC

Allowing us to provide a flexible and personal service, backed by the security of a global insurer with excellent industry ratings

Tailored, Flexible Solutions

We provide flexible cover options so you can tailor your policy to the specific needs of your organisation

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