Management Consultants Professional Indemnity Insurance
Introduction
Professional Indemnity insurance is something that any individual or company providing advice, design or specification to their clients needs to have. Consultants are not simply faced with claims for breach of specific or implied contract terms, but to claims of negligence arising from failure to meet client expectations.Online Quote
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Vital Cover
Projects undertaken by Management Consultants may involve the identification of best practices, change management, technology implementations, and strategy development amongst many others. The degree of skill and care required of the professional remains that which should reasonably be expected of a competent person in that profession. A liability may exist in any situation where a client makes a business decision based on the perceived skill or expertise of a consultant.
Client demands place greater responsibilities on those providing professional services than ever before, and greater contractual responsibilities leave consultants more vulnerable to being sued. Professional Indemnity insurance is an essential part of protecting both your business and your reputation.
Scope of Cover
Policies may include the following: -*
- Cover in respect of claims for negligence and breach of duty of care.
- Infringement of intellectual property rights.
- Defamation – innocent libel and slander.
- Dishonesty by a director, employee or self-employed person contracted to you and under your supervision.
- Mitigation of Loss – reasonable costs and expenses incurred to prevent or reduce the cost of a potential loss.
- Loss of Documents – costs incurred replacing or restoring documents.
- Defence Costs – incurred in the investigation, defence or settlement of a claim.
- Compensation for court attendance in connection with a claim.
- Cover for costs incurred for representation at tribunals and hearings.
*Professional Indemnity policy wordings can differ widely and you should always refer to your Schedule and read the Policy Wording to ascertain the full level of cover provided and any significant exclusions. If in doubt, refer to us for guidance.
Further information
For a quote or further information please contact us and we will be happy to help. You can also register your renewal date and we’ll contact you when your insurance is due for renewal.
Why buy from us?
Expert impartial advice Leading UK Insurers Full cover in minutes Instant policy documents Low or Nil excesses Annual PI from <£101 Compare Quotes online Independent since 1975
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