As we all know, the majority of recruitment agencies purchase combined insurance packages that include directors and officers liability insurance (D&O) or they purchase stand-alone D&O policies if they require higher limits. However, there are a significant number of agencies that do not fully understand what D&O insurance is or whether they need this particular cover.
The ‘gig economy’ has transformed, as well as still transforming, the way that we work and has provided us not only with convenience and a flexible workforce, but also with many opportunities. In this article we will take a look at what a gig economy actually is, and whether it is sustainable in the long term.
Wondering what types of insurance your Recruitment Agency might need to make sure you're fully covered for all situations? Today we'll take a look at the different classes of insurance from a recruitment perspective, break it down for you and give some examples along the way.
The Civil Liability Act 2018 (CLA 2018) was enacted in December 2018 to great fanfare. The legislation included, amongst a host of other changes, headline grabbing reforms to the civil justice system including the imposition of a tariffs for compensation in whiplash claims and an increase to the small claims track limit.
As Covid-19 claims begin to materialise and is continuing to have an effect on the economy, insurers are starting to adapt their underwriting strategies. While developments remain fluid, some general tendencies are becoming apparent. Acknowledging these trends should help in the preparation for policy renewals.
The FCA test case with regards to Business Interruption insurance claims has now been heard by the courts. The High Court largely backed the insureds on these claims and now the insurers must contact the insureds to discuss their claims.
We examine what the criteria for a visa application will be, criticisms and what impact the changes to the immigration rules will have on the recruitment industry.
With IR35 changes less than 6 months away, we take a look at what recruitment agencies should be doing to prepare
Policyholders who have thus far notified their insurers of Property Damage and Business Interruption (PDBI) claims for their losses resulting from the COVID-19 pandemic have generally found that insurers are unwilling to accept them.
Many recruitment agencies believe that they are vicariously liable for the contractors they place and arrange insurance cover that includes vicarious liability. However, in many situations this is not the case.
The NHS Test and Trace service went live in England on 28 May 2020. It aims to test and trace Covid-19 cases, to help control the spread of the virus.
Over the past couple of months, there have been some major legal developments, including employment law changes in April 2020, IR35 Private sector proposed changes as well as delays (please see our other articles for more information on these topics), preparations underway to accommodate the UK leaving the EU, impact of the COVID-19 pandemic on the labour market.
