Getting business insurance for management consultants
Working with a range of clients in different sectors and industries can be interesting and rewarding. Your professional business and management advice helps businesses to grow and prosper. But what if a client claims you’ve provided bad advice? How would you deal with stolen IT equipment, or handle an accident that forces you to take unpaid leave? Hiscox business insurance ensures those nasty surprises are manageable.
Why you need business insurance as a management or business consultant
An unhappy client
If a client claims against you for negligent advice that resulted in falling sales and losing customers to a competitor, they might take legal action and it’s your professionalism and integrity at stake. Professional indemnity insurance as part of your business insurance cover means your legal costs for defending the case are covered, as is any settlement. Our cover means you can continue working without worrying about legal fees.
Hackers demand a ransom
Imagine your computer and online storage are hacked and you’re now facing a ransom demand from cyber criminals who threaten to tell your clients about the breach and make the data public. Cyber and data risk cover as part of your business and management consultants’ insurance policy will cover the cost of the ransom and several days of lost business, as well as giving you access to our cybercrime experts.
Tripping over a computer lead
A client’s employee trips over your laptop power cable while you’re visiting their office. It doesn’t seem that bad, but with a broken wrist they hold you responsible for their time off work and for the inconvenience of the injury on a personal level. Your public liability insurance covers you against the legal costs of the case and any settlement, so you can carry on working without worrying about the costs or risks to your business.
If you’re not sure what you need, tell us a little more about your work as a business or management consultant. We’ll build your quote and help you to explore any other insurance needs.Build my cover
Key types of insurance for business and management consultants
These are just some of the types of business insurance for business or management consultants that we can offer. We can provide other specific types of cover and build them into a policy that’s tailored to the exact needs of your business.Get your quote