Professional indemnity and liability insurance for management consultants

Many firms rely on the advice they receive from business consultants. Given the importance of this advice and the position of trust that consultants occupy, it is vital that you are properly insured.

Buying your business and management consultants’ insurance

We’ve worked hard to make sure that buying insurance is simple for business and management consultants.

1. Build your ideal policy using our simple form
2. Compare quotes from a range of trusted insurers
3. Choose a quote and buy it online
4. Speak to our UK insurance team if you get stuck
5. Receive your documents online instantly

Building your business and management consultants’ insurance policy

As a business or management consultant, you may work in one of a range of sectors and roles. Simply Business enables you to build a business consultants’ insurance policy tailored to your needs.

These covers will help get you started:

Professional indemnity insurance is an absolute necessity for business and management consultants. If you make a mistake or provide faulty advice, you will likely be held liable for any resulting loss incurred by your client. Professional indemnity insurance can cover you against the cost of such a claim. Many firms will only deal with consultants that can prove they have sufficient professional indemnity insurance.

Public liability insurance covers the cost of claims made against you by members of the public who suffer injury or damage to property as a result of your work. There is a minimum cover of £1m, but your employers may request a certain level of cover before hiring you. We offer up to £10m, which may be necessary for public sector contracts.

See the ‘covers box’ on the right for further suitable covers

Details to look out for

• If you employ anyone, it is vital that you take out employers’ liability insurance. Failure to do so could land you with a fine of £2,500 for every day you are uninsured.
• Consider asking potential clients what level of professional indemnity cover they expect, and buy your cover accordingly.
• Make sure you understand any exclusions on your policy. Simply Business offers you the chance to read the policy documents online before you buy.