The Recruitment & Employment Confederation (REC) has launched a discounted credit insurance service exclusively for its members.
The service has been developed in partnership with Gerling NCM and Dallas Kirkland Professions.
REC said the service was to protect recruitment agencies from the risk of non-payment by clients. Under the deal, REC members will receive a 10% discount on premiums.
It added that the product could give 90% indemnity to REC members in the event of protracted non-payments by clients and client insolvency.
REC managing director Gareth Osborne said the recruitment industry was particularly vulnerable to the high levels of insolvency in the manufacturing and construction industries, prompting the need for a specialised insurance product.
