Insurance for Consultants
If you are a consultant trading as a sole trader or if you are a consultancy firm, you need to protect your business. It’s probably one of the first things you’d advise any of your clients.
And because we understand every consultancy is unique, we’re able to tailor packages that suit your consultancy’s needs exactly.
That means you won’t be overpaying, and you won’t be left underinsured.
However, because, as a consultancy, your core services may involve providing advice or recommendations, you may find yourself needing to defend yourself against claims that an alleged act of negligence, an error or omission caused your client to suffer financial losses. These claims may be legitimate (in which case you definitely need protection), or fabricated (in which case, you STILL need protection).
That’s why having insurance is such an important part of your set up.
As consultants are in the business of giving advice and making recommendations, you may find yourself in the position of having to defend yourself against claims
Your consultancy’s risk depends on the activities you undertake for your clients, and can include:
- Breaches of client confidentiality;
- Misstatement or misrepresentation
- Loss of documents or data
- Financial loss due to incorrect advice
- Any infringement, unintentionally, of intellectual property rights
With a consultancy, it’s entirely possible for these claims could run into the hundreds of thousands, or even millions of dollars.
At Insurance Web, we provide insurance for a broad range of consultancies. We can use our experience to identify the appropriate insurance companies with appropriate packages that suit your field of work. That means you can protect your consultancy at an affordable price.
To get a custom quote (and yes, you really NEED a custom quote so you don’t end up paying too much or, even worse, with insufficient cover, we really need to talk to you.