Do consultants need business insurance?*
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.
1300 542 573
TALK to a SMART Business Insurance adviser
Monday – Friday 8.45 am - 6.00 pm AEST
I thank you for your assistance. Smart Business Insurance have been very helpful in providing the cover I required with no hassle at affordable rates. If I require insurance in the future you will certainly be my first call and I will be sure to pass on your details to those I know looking for business insurance.
Ghost Gum Solutions
*Important: Cover may be available subject to meeting insurers underwriting criteria. Some of the covers listed may or may not be available or may have limitations or exclusions. Cover inclusions vary significantly from insurer to insurer. DO NOT rely upon the above. Check your policy schedule carefully for inclusions and exclusions and limitations. Talk to a SMART business insurance broker on 1300 542 573 for more information.