Management Consultants Insurance

  • Flexible & tailored cover designed for management consultants
  • Compare quotes from a wide range of insurers now

What is management consultant insurance?

Cover designed with consultants in mind

As a professional management consultant your role will require you to help your clients solve various business issues, from improving business performance through improved effectiveness and efficiencies to helping business reduce costs where necessary. The role you do is varied and will require specialised insurance cover to truly offer the level of protection you’ll need. You will be offering professional, sound and expert service to your clients, making recommendations for businesses who will then rely on your advice. Our management consultant insurance includes professional indemnity cover as standard, helping to protect you should a client make a claim against you for your advice, should they believe this advice to be incorrect leading them suffer some form of financial damage.

We can put together a bespoke policy that will focus around what your business does and needs when it comes to insurance. Our personalised business insurance policies are designed to allow you to add, remove, increase or decrease all areas of your insurance policy meaning that you’ll have all of the essential cover you’ll need in one business insurance policy.

What your management consultant insurance policy includes

Professional Indemnity cover for management consultants

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.

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 insurance

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 cover

Protect your management consulting business against the costs of defending claims with legal expenses insurance.

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.

Add on covers:

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 from The Insurance Octopus, you can make sure your insurance is just what you will need.

Why you need management consultants insurance

It’s important to have the right insurance package at the right cost for 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 providing the widest choice of PI insurance.

Proving protection for a wide range of consultants and professionals throughout the UK

We are PI Insurance brokers

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.

Get your cover the 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 The Insurance Octopus?

We proudly make buying insurance different and our cover comes with a range of benefits.

Up to £5 million of cover

Claims can be expensive, that’s why we offer up to £5 million worth of public liability cover. With more available upon request.

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.

An expert who knows your industry

We’ll connect you with an agent who is an expert in your field. They understand 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.

How insurance for management consultants works

Examples of Management consultant insurance in action

A case of poor consultancy

A genuine oversight nearly led to disaster for the career and job security of a management consultant. Working with a client in Scotland for the first time, she rang up her usual lawyer for a little bit of legal advice. Unfortunately, it transpired that the legal situation in Scotland was different from England and as she had not advised the lawyer of this fact, she was liable for the significant costs that the client encountered as a result. Much to her relief, she discovered that the professional indemnity insurance that she had held for years extended to legal advice given by her and was there to cover the significant costs of the action that she faced.

Types of professionals we can cover

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