Errors and Omissions Insurance for Recruiters & Executive Search Firms
Top Ten Reasons Why Recruiters Should Carry Errors & Omissions insurance:
- The current job market is full of expectation. Both Clients and Candidates are holding recruiters to higher standards of professionalism.
- Claims against recruiting firms are becoming more frequent, particularly those made by candidates.
- Whether valid or not, recruiters need the resources to defend themselves against such claims.
- Personnel & recruitment firms are finding they need to appropriately address their business risk.
- We see many firms seeking insurance for the first time and others who are seeking to maintain their insurance coverage at reasonable or reduced cost.
- Others, unable to waive E&O insurance requirements from contracts find must often provide proof of E&O insurance to their clients.
- E&O insurance for recruiters is difficult to find. Few insurance companies are prepared to accept the risk. If most insurance companies will not take on your risk as a recruiter then why should you?
- Red Lion works with a select number of premier specialty insurance carriers in the USA and Underwriters at Lloyd’s to obtain broad coverage at a competitive price.
- Proper insurance coverage is always cheaper than the cost of any claim.
Coverage also available for:
- Auto / Hired and Non-Owned Auto
- Cyber Liability