Professional Indemnity for Recruiters

Why do you need it?

You need Professional Indemnity insurance to cover you in respect of any civil liability Claims for damages or compensation that are made against you during the Period of Insurance, by any of your clients or any other third party, arising from any actual or alleged breach of professional duty owed in the conduct of your Professional Business.

With respect to any such claim, you need to be covered against:

• the payment of damages or compensation awarded against you.
• claimant’s costs and expenses that are awarded against or recoverable from you.
• defence costs incurred by you or on your behalf with the insurer’s prior written consent.

Even where the allegation that you have breached your professional duty is unfounded, your Professional Indemnity insurance would still cover you for defence costs that are incurred by you or on your behalf in defending the allegation that is made against you.

The allegation of a breach of professional duty can be made not just against you or your immediate employees but can often be made against your On-Hired Employees or On-Hired Contractors.

How can liability arise?

The sources of risk can include, but are not limited to:

• Failure to adequately check references and qualifications.
• Breach of confidentiality.
• Loss of documents (including computer records and electronic data material).
• Placing individuals in a position to which they are not suited, or have inadequate experience.
• Failure to ensure adequate workplace health and safety procedures are in place at the Host Employer's premises or work site.
• Inappropriate training and supervision of support staff.
• Inappropriate advice relating to staff recruitment, workplace policies and procedures.
• Failure to act in accordance with client instructions.
• Acting outside the professional's roles and responsibilities.
• Unethical behaviour.
• Vicarious liability arising out of the actual or alleged acts, errors or omissions of your immediate employees, On-Hired Employees or On-Hired Contractors.

Read More   

Public Liability For Recruiters

Why do you need it?

You need Public & Products Liability insurance to cover you for any amounts which you become legally liable to pay as damages or compensation in respect of any Personal Injury and/or Property Damage or Advertising Injury, happening during the Period of Insurance within the Territorial Limits, that is caused by or arises out of an Occurrence in connection with your business operations.

Read More   

Management Liability For Recruiters

Why do you need it?

Your Company and its directors, officers, senior managers and employees need Management Liability insurance because they face both corporate and personal liabilities which can arise from Claims made against them by numerous stakeholders, including but not limited to:

• Employees.
• Shareholders.
• Creditors.
• Competitors.
• Regulators (such as ASIC and the ACCC).
• Customers, including Host Employers.
• Liquidators /Administrators.

When a breach of company law or regulation occurs or is alleged to have occurred, the focus is on your conduct or alleged conduct as a director, officer, senior manager, employee and as a Company. Even where a Claim appears to be completely baseless or without merit, it will still cost you time and money to successfully defend the Claim.

These exposures associated with managing your business are vast and numerous.

Read More