Why choose Hensure for PI insurance
Personal Service
Our business is not a call centre, but instead provides a personal service and dedicated team to assist with your queries.
Experienced Team
Our team has a wealth of experience and knowledge to help you and your business get the most appropriate cover for your needs.
Online System
Our full 24/7 quote and buy facility allows you to run a personalised quotation, at a time that suits you and your business.
Why get professional indemnity insurance for Human Resources Consultants?
HR Consultants provide advice to companies, including legal advice, for instance, in relation to employment law.
Human Resources Consultants also assist and provide consultancy throughout the recruitment process, undertake external and internal reviews, and keep up with new developments within the Human Resource industry, which could open you up to potential issues later down the line.
If there is an instance where a client is dissatisfied with advice that you have provided, or they feel that the work you produce is unsatisfactory, then you may find a claim being made against you.
This is an instance where you would require Professional Indemnity Insurance for Human Resources Consultants.
A HR Consultants Professional Indemnity insurance policy would provide cover for the legal fees required to defend yourself, as well as the potential compensation that you may be required to pay to your client.
For further information on all aspects of PI insurance for HR Consultants please contact us today.
Things we look for
- Company Size – the overall size of the firm, based on total turnover, is taken into consideration.
- Type of business – insurers will want to know the split of annual income derived from the proportion of temporary and permanent staff. Clerical and office-based staff are considered low risk. Trades such as medical, nursing, community care staff, heavy industrial, railway, aviation, petrochemical, offshore workers, financial and banking, fall into the high-risk category.
- Qualifications – insurers will most likely want to see the CV belonging to the core people within the firm, demonstrating they have a minimum of five years’ experience.
- Contract size – with reference to large contracts, insurers will be interested in the extent of the recruitment consultant responsibilities and whether they are adequately resourced.
- Claims – if there is a history of PI claims then this usually reflects the quality of the consultant, their staff and their internal risk management.
- Overseas Exposure – insurers are interested in knowing if the consultant deals with clients overseas due to the potential litigious nature of dealing with clients in those particular countries.
- Retroactive Exposure – does the practice have an exposure to claims in the current firm or a former practice arising from past work?
Policy coverage
A typical Professional Indemnity insurance policy for Human Resources Consultants will normally cover the following areas:
- Breach of Civil Liability
- Negligent act, error or omission
- Negligence of sub-contractors
- Irrecoverable fees
- Bodily injury or property damage arising from breach of professional duty
- Defence costs
- Unintentional intellectual property rights infringement (other than patents)
- Unintentional breach of confidentiality
- Unintentional defamation
- Loss of third-party documents or data
- Computer virus transmission
- Court attendance costs
Your policy coverage may vary between insurer.
Insurance types
Professional Indemnity
- Professional Indemnity provides cover for claims that arise as a result of the work you have completed or advice you have given.
Public Liability
- Public Liability provides cover should members of the public receive an injury or property damage due to your work. This protects your business should a compensation claim be made, also covering any legal costs that result from this.
Employers’ Liability
- Employers’ Liability provides cover for compensation claims and associated legal costs, arising from employee injury or work-related illness.
Cyber Insurance
- Cyber Insurance provides support in the event of cyber-crime and unintentional data breaches, offering cover against the cost of revenue and fines.
Directors and Officers
- Directors and Officers insurance policies protect you financially against any claims that are made against you personally in your position as a director, partner or officer of your business.
Legal expenses insurance
- If you were involved in a legal battle, knowing that any money you spend on legal bills would be reimbursed could make all the difference. Legal expenses insurance does just that. It ensures that your business remains financially stable after a legal case by helping to compensate the business for incurred costs.
Contact us to find out more about the right cover for your business.
