Bailey Special Risks, Inc. offers a comprehensive Recruiters Professional Package tailored specifically for permanent employment placement firms generating up to $3,000,000 in annual revenue. This specialized insurance solution is designed to help agents and brokers place coverage for clients in the recruiting and staffing industry, offering protection against a variety of professional and business-related exposures.
Ideal Accounts and Appetite
This program is ideal for:
- Permanent employment placement firms and executive search firms
- Recruiting agencies that do not engage in temporary staffing or PEO services
- Firms with up to $3 million in annual revenue
Accounts with clean loss histories and established operational procedures are preferred. The program is not intended for firms heavily involved in temporary staffing, human resource outsourcing, or industries with high EPLI exposure such as hospitality or retail.
Coverage Highlights and Advantages
The Recruiters Professional Package includes multiple coverage parts, each designed to address a specific set of risks associated with operating a recruiting firm:
- Coverage A: Errors and Omissions (E&O)
Broad E&O form tailored to permanent placement firms, protecting against claims arising from professional services such as candidate placement errors or misrepresentation.
- Coverage B: Employment Practices Liability (EPLI)
Optional coverage that protects the firm against lawsuits involving harassment, wrongful termination, and discrimination in their role as an employer. Includes the option to add Third Party Discrimination coverage.
- Business Owner’s Package (BOP)
Optional property and general liability coverage, including special form property protection and occurrence-based general liability.
Each coverage part has separate limits of liability, helping to preserve protection across multiple claim types. Where permitted by law, punitive damages are also covered under the EPLI portion.
Underwriting Notes and Minimum Premiums
Bailey Special Risks works with United States Liability Insurance Company to offer this non-admitted program. While minimum premium details may vary, the underwriting team will evaluate each submission based on revenue, operations, and claims history. Agents should be prepared to provide a completed application and firm background for a timely quote.
Territories and Availability
The Recruiters Professional Package is available in the following states: AL, AZ, AR, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, NE, NJ, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, WV, WI, and WY.
Why Work With Bailey Special Risks
Bailey Special Risks, Inc. is a trusted wholesale broker with deep expertise in placing niche professional liability and specialty insurance products. Their Recruiters Professional Package reflects a focused understanding of the unique exposures faced by permanent placement firms. Agents benefit from responsive underwriting support, access to a top-rated carrier (United States Liability Insurance Company), and a one-stop solution for multiple lines of coverage.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Permanent employment placement firms with up to $3 million in annual revenue are ideal. The program is not designed for temp staffing or PEO firms.
Is Employment Practices Liability coverage included automatically?
No, EPLI coverage is optional and can be added to protect the firm from employee-related suits such as harassment or discrimination.
Can I get coverage for property and general liability under this program?
Yes, the optional Business Owner’s Package offers both property (special form) and general liability (occurrence form) coverage.
Is this program admitted?
No, this is a non-admitted program placed through United States Liability Insurance Company.
What information is needed to get a quote?
Agents should submit a completed application, firm description, revenue details, and claims history to receive a quote.
Need help placing an account? Connect with a market specialist.