Professional Indemnity Insurance for Business Consultants and Advisors FROM ONLY £60 per year, that is just
17p PER DAY*.

Whilst your busy looking after other people’s businesses, we will look after yours

Policy features

  • Up to £5million worth of cover available

  • Experienced PI broker with access to unique UK insurer schemes

  • Dedicated customer service, support with a UK based contact centre

  • Monthly instalments available*

  • Public & Employers Liability Extension

  • Instant Policy Documents

Business Comsultants Pen | Black & White Insurance
*We offer a direct debit payment plan, subject to a minimum premium of £150 including the initial deposit.

Professional Indemnity Insurance for Business Consultants & Advisors

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PROFESSIONAL INDEMNITY INSURANCE
FROM ONLY £60 per year, that is just
17p PER DAY*.

Quick, Simple, Hassle-free

*Based on a Marketing Consultant rated in category A. For a limit of indemnity of £50,000 on an Aggregate Claims made basis, Premium includes IPT at the current rate and are for firms with fees up to and including £50,000 and trade risks/contractors with turnover up to and including £500,000.

Professional Indemnity Insurance for Business Consultants and Advisors

Whilst your busy looking after other people’s businesses, we will look after yours

Policy features

  • Up to £5million worth of cover available

  • Experienced PI broker with access to unique UK insurer schemes

  • Dedicated customer service, support with a UK based contact centre

  • Monthly instalments available*

  • Public & Employers Liability Extension

  • Instant Policy Documents

Business Comsultants Pen | Black & White Insurance
*We offer a direct debit payment plan, subject to a minimum premium of £150 including the initial deposit.

Getting Professional Indemnity Insurance for Business Consultants and Advisors is a wise move. With the responsibility of other people’s businesses in your hands it’s up to you to ensure you provide the highest level of service to your customers. Your advice and direction is critical to the success of your clients, but in business; mistakes happen. Unforeseen circumstances, a mistake on a project or piece of work you have consulted on could result in an unsatisfied customer making a claim against you for financial losses.

Professional Indemnity insurance for business consultants and Advisors offers cover against financial loss suffered to your customers’ as a result of advice you’ve given, design or any consultation provided by you. In essence, Professional Indemnity insurance protects you against claims that result from work you have completed for a client while carrying out a service.

Your client could make a claim against you for a number of reasons. For example, If you’re a marketing consultant that advises your client to spend money on advertising for a guaranteed monetary return, and your customer doesn’t see any return from their advertising investment and claims against you for negligent advice. Alternatively, you might be consulting on a project and accidentally lose sensitive data or documents, your customer could claim for losses incurred.

A Professional Indemnity policy could protect you from a number of different risks; to read more about this please visit our policy information page, here.  

Professional Indemnity insurance may or may not be compulsory as part of your industry so always check with your industries rules and regulations. Be aware that even if you are not required by law to hold a Professional Indemnity policy you can still be held liable for a client’s financial loss if you have charged them for advice, design or consultation work.

FAQs

What Business Consultants Might Want Professional Indemnity Insurance?

Business consultants across a broad range of markets could benefit from the security of a professional indemnity policy. Please find some examples below but there are many more, if in doubt contact us, we can help!

  • Marketing/Advertising Consultancy.
  • Business Advisory Service.
  • Career Consultancy.
  • Import/Export Consultancy.
  • Health & Safety Consultancy.
  • Management Consultancy.
  • Public Relations Consultancy.
  • Energy Consultancy.
  • Image & PR Consultancies
  • Recruitment Consultancy
  • Training Consultancy

What are the risks for Business Consultants?

Where you charge a fee for a particular service whether that’s consultation, design, specifications or advice there is a chance a mistake could be made where the client suffers a financial loss as a result of your services. A Professional Indemnity policy is designed to protect the policy holder should a claim arise from a client.

Can Business Consultants work without insurance?

Some industries require that you have Professional Indemnity insurance by law. Always check with your industries laws and regulations to ensure you are covered.

Even if you do not require it by law this form of cover should be considered essential in protecting both your business and your integrity against possible claims.

Professional Indemnity Insurance, Quick, Simple, Hassle-free