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.
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 us for your Management Consultant 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.