Insurance for consultants

Professional indemnity insurance

The good thing about giving advice is you’ll never be definitive or make promises - whatever field you specialise in.

However, nothing is set in stone. People can misunderstand your meaning, and not all advice can be watertight. If something doesn't go to plan, your client won't be happy, especially if it costs them money to put right.

If that happens, professional indemnity insurance for consultants steps in to fight your corner, pay your legal costs and compensate those unhappy clients.

Public liability insurance

Do you go out and about and meet people for work? Do you have people come to your office for meetings?

It doesn't take much for someone to trip over a cable in your office and break their wrist. Or for you to accidentally spill a drink over your client's laptop. Both could be costly.

Consultants’ public liability insurance is there for you if someone’s injured or their property is damaged because of an accident that’s your fault.

It covers your legal fees and any compensation payouts.

Employers’ liability insurance

If you employ anyone - even temporarily - it’s a legal requirement to have employers’ liability insurance.

If an employee has an accident or becomes ill because of work, solicitors can get involved, and your employee will probably want recompense. And that could be expensive.

Employers' liability insurance pays your legal fees and any compensation to your employee.

Don't have it when you should, and the Health & Safety Executive can fine you big-time for your mistake.

Cyber insurance

Cyber insurance for consultants covers the consequences of a hack or data breach.

You're a cybercrime target if you use email, store customer data, or run your own website. Investigating what's gone wrong, fixing it and reassuring your clients all's well are expensive, specialist areas your policy pays for.

You'll get technical assistance, help dealing with a data breach and the regulator, and compensation if being offline affects your revenue.

Office, property and general business insurance

If your workplace is out of action, or your kit gets broken or goes walkabout, you can't work. And that can scupper your business.

Commercial property insurance protects the building you work in (as long as you don’t live in it). If there’s a fire, flood or accident, it’ll pay to repair or rebuild your place of work.

Then there’s your contents. Furniture, fixtures and fittings - it doesn’t matter if it’s your office IT kit or specialist equipment. Business contents insurance pays to repair or replace lost, stolen or damaged items.

And what about if you go out and about with your gear? Then portable equipment insurance will help if something goes missing or gets broken.

Personal accident insurance

Serious injuries mean you can't work. And the consequence could spell financial hardship and lost clients.

Personal accident insurance could be a lifesaver for you. It compensates your business if you or an employee are permanently injured or killed in an accident, regardless of whether it's at work or not.