Insurance for HR Consultants

Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. This can be a worthwhile insurance product for HR consultants who provide advice as part of their service offerings.

Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public brings a claim against you due to their being injured or sustaining property damage as a result of your negligent business activities. If you frequently meet clients in person, then you may wish to consider Public Liability insurance. This type of insurance product may also be required if you lease commercial offices.

Business Insurance (also known as a Business Insurance Pack) is a convenient way to bundle several types of cover that may suit your business needs. You can customise your Business Insurance Pack to include only cover that makes sense for your independent consulting business, like Tax Audit, Building, Contents, and Business Interruption cover (just to name a few).

Cyberattacks against Australian small businesses are common, and consultancy businesses could be prime targets. Your client list is valuable to cybercriminals, especially if it contains personally identifiable information such as email addresses and payment details. Cyber Liability insurance covers losses from claims arising from data breaches, business interruption and remediation costs following an actual or threatened data breach.