Madison Recruitment’s ‘umbrella’ coverage covers you for some acts, errors or omissions that result in a financial loss to you/our client, which is caused by products and/or services you have provided.
Our insurance is underwritten by NZI and costs $0.60 per hour for hourly rate contractors, or $4.80 per day for daily contractors. Please find the details of our insurance certificate here.
If you have chosen to take Madison’s NZI Insurance (you’ll choose this via the timesheet Onboarding portal), once we have confirmation of your hours/days for the month, we will send you a separate invoice for the insurance charged. You are NOT required to pay us upon receipt of this invoice, we will deduct this from your total gross invoice.
If you have any further questions about Insurance, feel free to reach out to accounts@madison.co.nz.