Business Insurance for Consultants*
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 for an alleged act of negligence, or an error or omission that caused your client to suffer financial losses.
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
Claims can run into the hundreds of thousands of dollars or even millions of dollars, therefore it is important that an adequate level of cover is chosen to protect against major financial loss, which will not only have an impact on your business, but could also affect your personal assets.
Professional indemnity insurance quotes for consultants*
Whether you are a consultant trading as a sole trader, or a consultancy firm SMART Business Insurance may be able to source you competitive quotes on suitable cover across a broad range of professions.
SMART Business Insurance can assist both small and large consultants as we have access to a range of insurers who offer business insurance, including professional indemnity, specifically tailored to meet the exposure of consultants.
The broking team at SMART Business Insurance secure insurance for a broad range of consultants. We can use our experience to identify the appropriate insurance companies with an appetite in your field of work to secure your consultancy suitable cover at a competitive price.
Please click here to view some of the consultants who need professional indemnity cover. Or for information on why you may need pi insurance click here.
As specialist business insurance brokers, SMART Business Insurance proactively obtains quotes for consultants from the leading underwriting agencies and insurance companies in your industry segment.