How does insurance for business consultants work?
Don’t leave anything to chance, get the right cover at the right price
As a business consultant you will be making expert recommendations and providing advice to your clients, all the while providing a professional and sound service. That is why your Business Consultant Insurance needs to protect you, should a client make a claim against you for any advice that you give should they believe it to be negligent and have caused them damage in any way.
With The Insurance Octopus, you can put together a bespoke Business Consultants Insurance Policy that suits the needs of your business to ensure that you are protected whatever may arise. Personalised business insurance policies through us allow you to add or remove any extra covers that you need to provide all of the essential cover in one, simple insurance policy.
What your Business Consultants Insurance Policy includes?
Professional Indemnity Cover
Professional Indemnity Insurance (PI insurance) is a key element of cover to ensure you stay protected if mistakes are made or have been claimed to have been made. PI insurance can protect you and/or your business against any financial or trading loss that may be caused. Professional Indemnity Cover limits are available from £50,000 to £10m.
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 injured or become ill because of the work they do for you.
Public Liability Cover
Public Liability Cover can protect you if a customer or a member of the public is injured, or their property is damaged. Public liability Insurance 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 Cover
Legal Expenses Cover protects you against the costs of defending claims.
Associated Claims
Associated Claims Costs can cover you if a claim needs to be investigated further or there is a need to bring in expert witnesses in a court hearing. Additional costs associated with a claim that you would not normally have to pay.
Business Interruption, Personal Accident and more
Business Interruption, Personal Accident, Off shore 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 through The Insurance Octopus, you can make sure your insurance is just what you will need.
Why you need Business Consultants Insurance?
As a business consultant, you provide a professional service providing forms of advice, therefore your clients have an expectation of receiving expert guidance and a good service. If this service is not given or if a client of yours believes that it hasn’t been given, then they could make a legal claim against you.
As a business consultant, you will be giving strategic support and assistance on a variety of strategic projects, and the potential cost to your business if a claim is made can be high. As well as any resulting legal expenses there could also be compensation costs to pay if a claim against you is successful, both of which could be detrimental to your business.
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 who provide the widest choice of PI insurance. We can add cover for your business equipment at home, in the office or while on the move, as well as provide options for covering you in sector specific situations as required. It couldn’t be easier to get covered.
Protect your business against any financial or trading loss you can cause through your advice or negligence
Flexible cover for your profession
We work with insurers who have to access to policies for a variety of trades and occupations, including Business Consultants Insurance. Our team can help you create a bespoke policy that ensures you only pay for the cover you need.
Spread the cost of your cover
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 The Insurance Octopus?
We proudly make buying insurance simple and transparent, and our sourced cover comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we source cover that can offer up to £5 million worth of public liability cover for shops. With more available upon request.
Simple 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.
A team that knows your industry
We’ll connect you with an agent who understands many of the challenges you face and can truly get to grips with the type of cover you need.
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.
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.
Types of professionals we can source cover for
Get Business Insurance off your to do list
Help protect and grow your business with tailor made business insurance through The Insurance Octopus
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