Business Consultants | Professional Indemnity Insurance
A specialist professional indemnity (PI) insurance policy from Blyth Valley will protect your financial interests and your professional reputation against claims made against you in the course of your work for clients.
Why you need PI
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.
If a client simply refuses to pay, claiming that your work is substandard, a policy from Blyth Valley can also protect your client relationship by settling your fees if this will avoid a larger claim being made against you.
Claims example
A consultant acted as an interim finance director for a client.
During the period of temporary employment, the client 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.
Quote and buy online
You can buy our Hiscox professional indemnity policy for business and management consultants online.
Before buying, please take a look through the policy wording and summary of cover.
Ready to buy? Get quote now.
If you need any more information, need a bespoke quotation, or simply prefer to buy over the telephone, please call us on 0845 370 9030 between 9 and 5.30, Monday to Friday.