The Business Consultants policy explained...
What's special about this policy?
Our policy for consultants works for you in four ways:
- You are covered for claims made against you in the course of your work for clients.
- Your defence costs, your liability to third parties and claimant's costs will be covered.
- The costs of putting a mistake right will be met if this will avoid a claim being made against you.
- In certain circumstances your fees will be covered if a client refuses to pay because of your negligent act and threatens to counter-claim if you pursue what's owed to you.
Your business is protected:
- against claims for negligence and breach of duty or care
- from negligent misstatement or negligent misrepresentation
- against claims for defamation
- against inadvertent infringements of someone else's copyright
- against dishonesty of partners, directors, employees or self-employed freelancers
Policy documents
The documents to our online policy are linked below:
If you need a more extensive Professional Indemnity policy that will cover your work worldwide and provide full civil liability just call us and we can organise it for you.
Who's it for?
- Management consultants
- Catering consultants
- Energy consultants
- Environmental consultants
- Forestry consultants
- Health & safety consultants
More occupations
- Business Analysts
- Career Advisors
- Catering Consultants
- Change Programme Managers
- Change Project Managers
- Communcations Consultants
- Disability And Access Consultants
- Education Consultants
- Enterprise agents
- Export Consultants
- Financial Consultants
- Hotel and Catering Consultants
- HR Consultants
- HR Managers
- Human Resources Consultants
- Import Consultants
- Industrial Consultants
- Interim Finance Managers
- Interim Managers
- Labour relations Consultants
- Leisure industry Consultants
- Management Consultants
- Personnel Consultants
- Process Designers
- Procurement Consultants
- Project Assistants
- Project co-ordinations
- Project Managers
- Project Office Managers
- Purchasing Consultancys
- Quality Assessors
- Quality Assurance Consultants
- Quality Control Consultants
- Quality Management Consultants
- Sales Promotion Consultants
- Telecommunications Consultancys
- Telecoms Consultants
- Training Consultants
- Training Managers
Why do you need Professional Indemnity Insurance?
Businesses come to you for advice because you're an expert in your field; a seasoned professional.
Unfortunately, when things go wrong, those same businesses come to you to seek recourse.
Now, more than ever, professionals need protection from possible litigation. Allegations of negligence, true or not, can leave your reputation and your finances in tatters.
That's where professional indemnity insurance comes in.
A good PI policy will pay your legal costs and any compensation for which you're found liable in relation to the mistakes you've made.
Suppose a client claims that your work is negligent and refuses to pay you. Insurers will pay your outstanding fee if it prevents your client from making a larger claim against you.
Claims example
A consultant acted as an interim finance director for a client.
During the period of temporary employment, the client's suffered a downturn in its fortune: profits plummeted and staff were made redundant.
Unsurprisingly, fingers were pointed at the strategic decisions made by the consultant.
When the client sued the consultant for professional negligence, insurers stepped in to defend the allegations. Legal costs were covered and the consultant sustained minimal damage to his reputation.
