With many of the larger HR Service Providers dominating the market by offering their clients guarantee backed HR Packages, they are offering a level of protection smaller providers can’t provide, or compete with.
The Problem.
These guarantees usually mean that the business receiving the HR support is protected from the cost of a tribunal, and any compensation awarded, as long as they follow the advice and proceedures put in place by the HR Consultant.
In the turbulent and litigious times we live in this level of protection often means that businesses choose to use the services of a larger, guaranteed, HR service, rather than a smaller independent. Even if the unguaranteed service is potentially better.
This mean the independent HR consultant is fighting a losing battle, on an uneven playing field. As most businesses, especially smaller ones who cant afford a tribunal, choose the offering that gives them the most financial security, by removing the risk of costly tribunals.
Until recently the only way to offer this service was to set up your own protection fund, risk pool, or even insurer.
The Solution!
But at Lockyers we are always sourcing innovative and groundbreaking new products and we now offering an insurance policy which provides insurance backing for your clients.
How Does It Work?
Our HR Consultants Guarantee works exactly the same as the guaratees offered by the larger national HR providers, except the risk is carried by a major UK insurer, not you.
The premiums are calculated on the number of your clients, and adjusted on a month by month basis, so you only pay for the number of clients you are handling at that time.
The insurance company back all the advice you give, and as long as the client follows it, they indemnify your clients against the legal costs and compensation should they find themselves faced with a tribunal or other sticky situation.
How Do I Get A Quotation?
To get a quotation for our HR Consultants Insurance please ring 01924 895568, and speak to one of our insurance brokers
