We're here to help
0345 561 0320
Mon-Fri, 9am-5pm, local rate & mobile friendly

Interim managers' insurance

Even small mistakes cause big problems. Protect your work, your reputation and your bank balance with professional insurance for professional people.

Quote online in less than 2 minutes

Professional indemnity
from £8.14 a month for £100,000 cover

Professional indemnity insurance defends you against claims of negligence, breach of confidentiality, dishonesty, libel and slander. We offer up to £10,000,000 cover.

Public liability
£4.20 a month
£1,000,000 for physical damage and injuries caused by your business
Employers’ liability
£3.50 a month
£10,000,000 legally required cover for employers
Based on an annual income of up to £25,000. All prices include IPT at 12%. Quote online for turnovers up to £5,000,000, or call and talk to an expert.

No holes in your cover

If your clients are looking for someone to fill a gap in management, either they’re in a bit of a squeeze, or they have something big going on. Whichever it is, that doesn’t make your job any easier.

They’re relying on you to provide solutions and advice to keep their business running at full steam. Just one mistake on your part could have disastrous consequences.

In these situations, professional indemnity insurance can help by providing an expert solicitor to defend you from any allegations of negligence. It can even compensate your dissatisfied client if you are to blame.

Why do interim managers need professional indemnity insurance?

No matter how careful and thorough you are, sometimes things just go wrong.

The advice you offer might not be quite right for your client’s business, or you might get a bit carried away when it comes to your assigned budget. Either way, if a mistake in your work costs your clients money, you may find them accusing you of professional negligence.

Allegations like this won’t disappear on their own, you have to take action. Professional indemnity insurance will pay an expert legal defence to help get you out of this sticky situation.

If there is a genuine shortcoming in your work, your PI insurance will cover any compensation your client may be demanding. That includes the cost of redoing the faulty work, plus any other losses.

How much professional indemnity insurance do I need?

Professional indemnity insurance protects your business. No one else’s.

So you have to decide what level of cover is enough for you. Consider what you do, who you do it for and how much it’s worth. Think about worst-case scenario and what could go wrong. What’s the most expensive mistake you could make (or be accused of making)?

Always bear in mind that you can’t have too much cover. Your legal defence can cost many tens of thousands of pounds - and that’s before the compensation bill from your client arrives. Your level of cover has to be enough to cover all of this.

It’s a tricky one to get right. Have a read of this guide or call us if you need more help.

What does professional indemnity insurance cover?

Professional indemnity insurance covers negligence claims and allegations made against you by clients and third parties. That means things you’ve failed to do, or mistakes you’ve made, that have cost other people money.

Specifically (but depending on the policy wording):

  • Defamation
  • Intellectual property infringement
  • Loss of documents or data
  • Negligent misrepresentation or misstatement
  • Employee dishonesty
  • Virus transmission
  • Breach of confidentiality

But that’s not all. Some professional indemnity policies can fix a mistake before your client is even aware of it, thereby preventing a claim in the first place.

What else do I need?

If you have any employees, employers’ liability insurance is a legal requirement. If an employee suffers an injury or illness as a result of working for your company, they can sue it for damages. Your insurance can cover their compensation, plus any legal fees.

If you visit clients, or they visit you, consider getting some public liability insurance. This covers you if someone is injured, or their property is damaged, and you’re to blame.

Office and property insurance covers the things in your office (furniture, plants, fixed IT equipment etc) and portable insurance covers gadgets and technical equipment away from the office (laptops, tablets, projectors etc). If you’re not sure it’s worth insuring, add it all up – it’s probably worth more than you think.

Business interruption insurance means you can still work when your office is out of action. Be it flood, fire or flea infestation, you’re covered for the costs of setting up elsewhere and for any lost revenue in that time.

If you’re a company boss, you can protect yourself with directors’ and officers’ insurance. Anyone can accuse you of not running your business with due care, and in the UK, company directors are personally liable for their actions. The good thing is this insurance covers your defence costs and any compensation you have to pay. So you can put away your chequebook.

Why should I buy my insurance from you?

Glad you asked.

The simple answer is: we know what we’re doing. Professional insurance is all we do so we know what you need, even if you don’t.

We also know that buying insurance can be, well, a bit of a pain. So we make sure getting yours is quick and hassle-free.

We do all that while treating you like a human being, too. You won’t find a call centre here. Or a phone menu. And we’ve banned nonsense insurance jargon.

Anything else? Well, there’s the great stuff you get, such as an ‘I’m insured!’ badge for your website – perfect for the professional professional.

Also, we’ll give you money each time you recommend us.

If you’re after a second opinion, have a look at our customers’ feedback. They’re the ones you should really listen to.

What our customers say...
★★★★★
Easy to set up my insurance online. Questions were simple to understand and not full of jargon. Happy!
Life Coaching and Business Consultancy
10 February 2024
★★★★★
Easy and efficient process - made buying insurance simpler
Management Consultancy
5 February 2024
★★★★★
Easy to get a quote and buy the insurance
Business Management and Administrative Services
5 February 2024
Advice, News & Know-how

Prefer to talk?

Call us and a real person answers. No call centre, no phone menu, no scripts. Just friendly, helpful advice from a business insurance professional.

We're here Monday to Friday, 9 to 5.
0345 561 0320
Catherine Roberts
Account Executive
Sarah Adams
Sales Team Leader
Yasin Akdemir
Senior Account Executive
Sian Adams
Medical Malpractice Team Leader
Zoe Langford
Account Executive