How does insurance for marketing consultants work?
Dedicated protection and covers for your profession
As a marketing consultant you will be making creative recommendations and giving marketing expertise and advice to your clients. You’ll help devise strategies to enable your clients to meet their own marketing and business objectives in your highly skilled role. But whether you work as a self employed marketing consultant or run your own marketing agency offering a range of consulting services you should understand the importance of having the correct cover for your profession. The work you do can of course come under scrutiny from clients, and if they feel the advice given has led them to suffer financially then claims can arise.
The Insurance Octopus’ personalised commercial insurance policies are designed to be flexible, meaning that are able to add or remove any extra covers to give you all of the essential cover you’ll need in one, simple Marketing Consultants Insurance policy.
What your marketing consultants insurance policy includes
Professional Indemnity cover for marketing professionals
Professional Indemnity 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 will 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 for marketing consultants
Public Liability cover protects you if a customers 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 will help protect your business, by covering the costs of defending claims and any other associated legal costs.
Associated Claims Costs can cover you if a claim needs to be investigated further or there is a need bring in expert witnesses in a court hearing. Additional costs associated with a claim that you would not normally have to pay.
Optional add on covers for marketing consultants
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 marketing consultants insurance
If your business provides a professional service or gives some form of advice on a consultancy basis then your clients have an expectation of receiving expert guidance and a specialist service. If this service is not given, the customer could then make a legal claim.
As a marketing consultant, you will be giving strategic and creative guidance on a range of marketing projects, meaning that the potential cost to your business if a claim were to be made could 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 can help. We 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 can add a variety of additional covers, as well as provide options for covering you in sector specific situations as required.
Get the tailored cover you need to protect yourself and your business for peace of mind consulting
Talk to the specialists
We cover a variety of trades and occupations, including Marketing Consultants Insurance, 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.
Spread the cost of cover
In the majority of cases we can provide you with your business insurance and documents on the same day (subject to time of day restrictions). We can also help you spread the costs of your insurance by offering a range of flexible payment options, including direct debit.
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 marketing consultants works
Examples of Marketing consultant insurance in action
A reputation that’s sinking
A marketing consultant was given the remit of improving one of their client’s reputations. The client in question had a poor reputation compared with other businesses in their sector. Following the campaign the client was aghast at the response the campaign had gotten; with the client believing the work the marketing professional had carried out had in fact damaged their reputation further and in turn cost them financially. While the claim was awarded in the marketing consultants favour the initial cost of defending the claim would have proved costly had they not had PI cover in place.
Types of professionals we can cover
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