Why do training consultants need insurance?
Well-intentioned advice fails
You’re brought in by a banking client to train their staff to comply with the latest government regulations. The training goes well, but you fail to mention an important detail. As a result, the employees overlook a crucial step, and your banking client is put at risk of regulatory investigation.
Your client decides to take your business to court. With professional indemnity insurance for your training consultancy, there’s assistance with legal fees and compensation pay-outs, if you’re ordered to pay them.
Water-damaged equipment
You’re visiting a potential client’s office when you’re introduced to staff at their desks. As you raise your hand in an informal wave, you accidentally knock over a glass of water. You’re quick to react but the water damages a laptop, breaking it and losing the data stored on it.
While this was unintentional, the prospective client could still take you to court for damages. If your training consultancy business is facing legal action, public liability insurance could help to cover the costs of proceedings and potential pay-outs.
An employee injury
One of your junior training consultants has been working overtime. They deliver apprenticeship guidance sessions online and are spending long hours in the office. An incorrect desk setup sees them develop a repetitive strain injury (RSI). They decide to take you to court for compensation.
If you employ staff at your training consultancy, you could be legally required to hold employers’ liability insurance (external link). This can help to cover compensation if an employee takes legal action over a workplace injury such as an RSI.
What insurance is available for training consultants?
Professional indemnity insurance
Professional indemnity insurance can help training consultancy businesses if someone complains about your services or advice. You’re an expert in your field, but you could still make a mistake. If you offer bad advice, breach confidentiality agreements, or otherwise make mistakes that lead to a financial loss for your client, you could be taken to court.
Take out professional indemnity insurance from Hiscox to get help with any compensation pay-outs and legal costs.
Public liability insurance
If someone is hurt or their property damaged because of your work, public liability insurance could help your training consultancy to pay compensation. As a training consultant, you may encounter lots of people every day. Even simple activities can come with risk, and as a business owner you could be liable if there’s an accident because of your activities.
You might work at a business’ headquarters, shared workspaces, or local government buildings. Either way, public liability insurance can be useful for training consultants.
Legal protection insurance
Designed to help your training consultancy with court action, legal protection insurance can help if you face disagreements. It can support when you’re defending your company, or if you need to take someone to court. For instance, if a client doesn’t pay, or you enter a contractual dispute about next year’s training programme.
Legal protection insurance can help to cover solicitors’ fees, court costs and expert witness fees. So, you can focus on delivering the best training you can.
Insurance for your training consultancy can include other cover types. From employers’ liability insurance, likely to be required by law (external link) if you employ anyone else, to protection for portable equipment and your office contents.
If you’re not sure what you need, tell us a little more about your training consultancy business. We’ll help you to build your quote and explore any other insurance needs.
Build my coverInsurance for training consultants: FAQs
How much does training consultancy insurance cost?
The cost of insurance for your training consultancy varies depending on the size of your business, the work you carry out and the cover you want. There’s no one-size-fits-all price, but quotes for insurance start from £8.40* a month.
Discover more about the costs of business insurance.
*Figures based on an average of all business insurance policies sold to at least 10% of our customer base between January 2023 and January 2024
Can a potential client demand I have public liability before I train them?
Yes, a client can make it a condition of their contract with you that you have a certain level of public liability insurance cover in place before you can start work training their staff. It’s not a legal requirement, but a client can insist on it.
Do you provide proof of professional indemnity cover?
Yes, we provide proof of professional indemnity cover by email. Once you purchase your cover, we’ll send you the details of your insurance in this way. You can use this as evidence of your professional indemnity policy.
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