23rd May 2023
Written by Qdos Contractor
Expanded partnership with Sonovate brings £1m cover per policy for recruiters, with no renewal obligation
Qdos is delighted to announce that we are now able to offer three free months of insurance to new recruitment agencies, through our exclusive partnership with Sonovate.
These policies offer essential protection to new recruitment agencies against claims resulting from actual or alleged negligent acts, omissions and physical damage in the course of business.
This offer is an expansion of our existing partnership with Sonovate,
announced last year. Sonovate is a leading provider of flexible finance and innovative technology solutions for recruitment agencies.
We are extending our support for new agencies with three months of free Professional Indemnity and Public Liability insurance policies. Agencies will also be eligible for premium discounts if they choose to continue the policy at the end of the offer.
Reducing costs and complexity while mitigating risks
Any prudent business will think about protecting itself through insurance policies. For recruitment agencies, holding insurance is also often a client requirement.
To help agencies reduce the cost associated with starting up and growing, we’re offering three free months of Professional Indemnity cover and Public Liability cover, up to £1m each, to eligible Sonovate customers.
The offer is available to newly formed agencies with no trading history which do not anticipate turnover greater than £250,000 in their first 90 days, and those which have not had any claims previously brought against them.
With Professional Indemnity insurance, policyholders are covered in the event of a professional error or omission that causes third-party financial loss. Public Liability insurance covers policyholders in the event of accidental damage to physical property, or injury to persons, as a result of negligent actions. In both cases, the policy covers defence costs and damages awards in court up to £1m.
There is no obligation to renew after three months. But Sonovate clients who continue with Qdos as their insurer will enjoy premium discounts, and the flexibility to pay either monthly or annually.
Sam Cox, Director of Qdos Commercial Services, said:
“We’re delighted to further develop what is an already successful partnership with Sonovate. As we continue evolving our offering, we’re reducing the costs and complexities agencies experience when purchasing business-critical insurance policies.
“Extending our Public Liability and Professional Indemnity insurance policies alongside our market-leading compliance solutions means that agencies have one less thing to worry about when getting started.
“In partnership with Sonovate funding, comprehensive insurance policies provide the new wave of recruitment agencies with a strong foundation from which to grow.”
To understand how
Public Liability Insurance keeps your agency protected, contact our Head of Business Development, Dominic Johns, directly at
[email protected] or call one of the team on
0116 478 3390.
