When you work in the management industry, your clients need to know they can rely on you and that you’ve got a good professional indemnity policy to back you up if something goes wrong. Whether you’re running projects or providing consultancy, this insurance can cover you if you’re blamed for a client’s financial loss due to negligence or a mistake you’ve made in your work. Add other covers to your policy to create your perfect business insurance package.
Compare quotesFirst up, professional indemnity insurance, which is a really important cover for any business that offers advice or handles client data. This can protect you if a client sues you because you’ve made a mistake in your work, for example given incorrect advice, unintentionally breached confidentiality or infringed copyright. You can get up to £5 million of cover to pay for legal fees and compensation costs.
You could also add public liability insurance to your policy, as it’s a useful cover for any business that comes into contact with the public. It can protect you against compensation claims because someone’s been injured or their property’s been damaged and they hold your business responsible.
In terms of other covers, don’t forget that employers’ liability insurance is usually mandatory if you’ve got any employees. You can choose to cover your business equipment too.