How does insurance for business analysts work?
A wide range of covers designed to protect professionals in their trade
Being a Business Analyst means you provide a professional, sound and expert service to your clients by making recommendations, providing advice for business change needs, and analysing and predicting the impact of current and future processes. That’s why your Business Analysts Insurance needs to protect you should a client make a claim against you for the advice and recommendations that you give, should they believe them to be negligent or cause them damage in any way.
With the help of The Insurance Octopus, you will be able to put together a bespoke Business Analyst insurance policy that suits the exact needs of your business. Our personalised policies are designed to be flexible, ensuring you can tailor your policy to ensure you have all of the essential cover you need in one simple business insurance policy.
What your business analysts insurance policy includes
Professional Indemnity cover
Professional Indemnity insurance, or PI insurance, will protect you and/or your business against any financial or trading loss that may be caused as a result of bad advice or a mistake made in work. Professional Indemnity cover limits from £50,000 to £10m. As a Business Analyst, Professional Indemnity insurance should be a priority to ensure you’re protected.
Employers Liability insurance cover
Employers Liability insurance cover is required by law if you have one or more employees. Standard Employers Liability cover is £10m and will protect you as the employer against claims from your staff should they be hurt when working for you.
Public Liability cover
Public Liability cover protects you if a customers or a member of the public is injured or their property is damaged, and protects you against the cost of repairs or any legal proceedings that could be filed against you. Standard levels of cover are available from £1m to £5m, with additional levels of cover available upon request and subject to insurer’s terms and conditions.
Legal expenses insurance
Legal expenses insurance can cover the cost of legal representation, which can be expensive if you do not have cover.
Associated Claims Costs
Associated Claims Costs can cover you if a claim needs to be investigated further or there is a need for bringing in expert witnesses in a court hearing; essentially any additional costs associated with a claim.
Business interruption, personal accident cover and more
Business interruption, personal accident, offshore working and more are all additional add-ons that can be increased or decreased as required. By having flexibility with your professional indemnity business insurance policy from The Insurance Octopus, you can make sure your insurance is just what you will need.
Why you need business analysts insurance
Because being a Business Analyst means that you provide a professional service giving some form of advice, then your clients have an expectation of receiving expert guidance and a good standard of service. If this service is not received in the client’s eyes, then they may decide to make a legal claim for compensation against you and your company. The potential costs to your business if a claim is made can be extremely high – as well as legal expenses there could also be a compensation sum to pay if their claim is successful. That’s why it’s important to ensure you’ve got the right cover in place to protect you and your business’ financial security.
The Insurance Octopus will help you to put together a business insurance package specifically tailored to your business needs by working with a selection of UK insurers providing the widest choice of PI insurance. By having flexibility with your Business Analyst Insurance policy from The Insurance Octopus, you can make sure your insurance is exactly what you need.
Professional indemnity specialists
We cover a variety of trades and occupations, and are experts in providing Professional Indemnity Insurance which means you will get a bespoke policy that ensures you only pay for the cover you need. We can add cover for your business equipment at home, in the office or in transit and provide options for covering you in sector specific situations as required.
Policy documents sent same day
In most cases, we can provide you with your business insurance and documents on the same day (subject to time of day restrictions), offering a range of flexible payment options, including Direct Debit. Get in touch with us today for more information.
Why choose us for your business analysts insurance?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
We can't stop accidents from happening but our Professional Indemnity insurance will give you up to £5m worth of cover - with up £5 million worth of public liability insurance cover also included.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
Specialists who understand your profession
Connecting you with agents who specialise in your field. They understand many of the challenges you face, & can tailor a policy to your needs.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
Octopus customer rewards
We pride ourselves on the value we offer our customers, and with Octopus Customer rewards we give our customers a few additional benefits to their insurance such as discounts and offers to save them money.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.