Business Insurance for Management Consultants*
Whether you are a self employed management consultant providing advice or you operate a management consultancy business with a team of staff you have come to the SMART place to obtain competitive terms on a suitable professional indemnity policy for management consultants from leading insurance companies and underwriters.
As specialist business insurance brokers, SMART Business Insurance provides many management consultants with access to Australia's leading consultants focused underwriting agencies and insurance companies.
What is Professional indemnity insurance for management consultants?*
Professional indemnity insurance for management consultants is essential. Whether you consultant to small or big business , councils or government departments in workflow processes and procedures to strategic planning and change management you'll need to be covered for professional indemnity and public liability.
What does insurance cover for management consultants?*
While policies vary from insurer to insurer professional indemnity cover for management consultants may include:
- Wrongful act, error or omission
- Fraud and dishonesty
- Lost documents
- Misleading or deceptive conduct
- Unintentional infringement of intellectual property rights
- Breach of duty
Types of management consultancy activities that may be covered with professional indemnity insurance*
- Organisational Structure & Change Management
- Strategic Business Planning
- Workflow Processes and Procedures
- Communications Consulting
- Human Resources / OH&S / Staff Recruitment & Training
- IT Systems Consulting
- Marketing, Advertising and Public Relations Consulting
- Market Research
What insurance does not cover for management consultants?*
Some of the risks faced by management consultants professional indemnity insurance typically NOT covered include:
- Claims and circumstances known before the period of insurance
- Contractual liability
- Intentional damage
- Insolvency of the insured
What is the cost of management consultant insurance?*
Typically professional indemnity cover for small and medium businesses, including management consultants , is available in either $1million, $2million, $5million, $10million and $20 million.
Important considerations when determining what professional indemnity level to cover you need: The nature of the business advice , and the size of business, often determine the amount of cover ($) your business will need.
The general rule of thumb is the greater the potential damages from the advice provided and/or the larger the business, the larger ($) sum insured.
For more information on how much cover you may need click here.
TALK to a SMART Business Insurance broker on 1300 542 573 or email us at email@example.com for SMART insurance cover for your management consultancy business.
*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 broker on 1300 542 573 for more information.
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