Recruitment Insurance

Did you know that the recruitment industry is made up of over 30,000 businesses, employing over 10,000 people*?

The size of the market provides plenty of opportunity for brokers, but more importantly, the needs of the start-up market make broker advice essential. Why? Because the fastest area of growth is also the riskiest - temp placement. When recruiters supply a temp, they can be held liable for what they do, so it’s essential that these new business owners get insurance advice.

At Pen we are recruitment industry specialists with over 30 years’ experience of meeting recruitment agencies’ needs.

- Our appetite encompasses all types of agency - from nationwide chains with billings in the millions to new independent agencies - enabling us to quote on almost 90% of the risks we see†.
- We can build a tailored package to fit the unique needs of each client – whatever their size, history or specialism
- We quote each policy on an individual basis and apply rates, terms and conditions to the needs of the specific risk presented, which makes us competitive on price

*Recruitment and Employment Confederation “Recruitment Industry Status Report December 2021”
† New Business data collected between January 2024 – August 2024

Who Qualifies?

With premiums from £100 to £500K, we can cover all types of recruitment agency, regardless of size or sector, from micro and SME, through to corporate agencies:

- Agencies placing temps, as well as agencies placing permanent staff
- Agencies supplying workers to a huge range of industries from Secretarial to Driving and Dom Care Agencies
- Agencies who retain contractual liability for direction, supervision and control
- Agencies which place some temps outside the UK

What's covered?

- Public and Product Liability up to £10M
- Employers Liability up to £25M
- Professional Indemnity up to £10M including vicarious liability to protect agencies against claims of negligence emanating from errors and omissions by placed personnel
- Cyber cover up to £100K
- PA for temps and/or the agency's own staff up to £25K
- Office Buildings, with or without cover for Office Contents
- Office Contents with optional computer breakdown and data reinstatement
- Drivers Negligence up to £10K
- Fidelity Bonding up to £500K
- Legal Expenses up to £250K
- D&O up to £5M
- Business Interruption

Does your client also need?

Documents

Contacts

Claims

Need to make a claim? Call our Central Claims Line 03330107190 Or use the Claims Portal: C00569 Pen Underwriting (Commercial)

Please call the number above in an emergency where you will be prompted to our out of hours claims service

Email

Added Value

Did you know Pen also offers:

Back to top