Insurance for Recruitment Consultants

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Why do Recruitment Consultants need Insurance?

You recruit the right employees for your clients; so it’s important that you recruit the right insurance for your business.

BizCover makes buying recruitment consultant and employment agency insurance easy! With just a few clicks or a single phone call, you’ll get multiple competitive quotes from some of Australia’s leading insurers. Select your preferred policy and you’ll be covered instantly, so you can continue running your business without any worries.

Did you know?

While selecting the right candidate for the right job with an employer, you may be left open to a negligence claim if things don’t go to plan. For example, you could potentially be liable if your candidate is placed in an accountancy practice and within weeks misappropriates the employer’s funds. You failed to complete a criminal history check which would have revealed several prior convictions for fraud.

Get the cover that’s right for your business 

 Professional Indemnity

Employees are the most important and valuable asset of any business. Which is why finding the right ones is important, but often hard to do. That’s why your clients come to you. 

Your clients expect the highest standard of specialist service and advice from you.  You have spent years building your professional reputation and probably want to protect it.

That’s why BizCover makes it easy to take out Professional Indemnity insurance for your recruitment agency. This insurance offers protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

Public Liability Insurance

Public Liability insurance is an essential recruitment business insurance for many recruitment consultants. It is designed to provide protection for you and your business in the event a customer, supplier or a member of the public brings a claim against you due to their being injured or sustaining property damage as a result of your negligent business activities.

Working closely with your clients, either at your office or on location, means you could cause mishaps and accidents – think of a client tripping over at your premises, or you inadvertently damaging your client’s property.

Business Insurance

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances.  In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks. 

Cyber Liability

Cyber Liability is quickly becoming an important type of HR consultant and staffing agency insurance.

Consider the client data or personal information you may be storing and the consequences if it were to be compromised. Cyber Liability insurance helps to protect you from claims and supports your profitability in the event of a cyber breach or attack.

Common causes of claims

  • Failure to perform essential employment related checks
  • Misleading and deceptive conduct
  • Placing unqualified or unsuitable candidates
  • Providing incorrect advice regarding staff recruitment, workplace policies, and industrial relations

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*The information provided on this web page is general only and should not be relied upon as advice. No guarantees are provided as to pricing for individual risks. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. Savings made in September 2023 on Public Liability and Professional Indemnity policies. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.

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