Professional Indemnity Insurance For Management Consultants

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Insurance for Consultants

... consultancies who can take out Professional Indemnity Insurance through BizCover include: Agricultural Consultants Agronomist Anthropologist Asset & Facility Management Consultant (Non-financial assets) Auctioneer (Non ...

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Professional Indemnity Insurance for Consultants

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Professional Indemnity Insurance cost

... history Professional Indemnity (PI) insurance is ... management consultants, real estate agents and other allied health professionals. Even professional photographers should consider holding Professional Indemnity insurance ...

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7 Facts about Professional Indemnity insurance

... hassle. We provide a range of competitive insurance options including Professional Indemnity, Public Liability insurance, Business Insurance, Cyber Liability, Management Liability insurance and many more. Jump online or ...

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Who needs Professional Indemnity insurance?

... professionals Architects Bookkeepers Civil Engineers Consultants ... insurance options including Professional Indemnity, Public Liability insurance, Business Insurance, Cyber Liability, Management Liability insurance ...

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What is Professional Indemnity Insurance?

... contract Example professions: Health Professions , IT Contractors , Management Consultants , Accountants , Estate Agents etc. Professional Indemnity insurance provides a financial safeguard to help protect your business ...

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Professional Indemnity Insurance

... more. Even for those in more hands-on professions like life coaches, consultants and event managers can still consider the benefits of Professional Indemnity insurance . Regardless of which industry you operate in, as a ...

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Business Insurance

... recovery Extortion Fines and penalties Crisis management costs (to restore your businesses ... Professional Indemnity (PI) insurance* provides protection for businesses that provide specialist services or professional ...

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Business Insurance Melbourne

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Insurance for Professionals

... insurance policy for that and it's called Professional Indemnity insurance. Professional Indemnity insurance protects ... recovery Extortion Fines and penalties Crisis management costs (to restore your businesses reputation ...

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Insurance for IT Professionals

... respond to a claim. Insurance for IT Professionals Professional Indemnity insurance* The IT world is a fast-changing environment, and whether you're involved in project management, development, testing or analysing ...

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Insurance for Marketing Consultants

... terms you agree too, including the or KPIs you are expected to meet. Insurance for Marketing Consultants Professional Indemnity* As a marketing consultant, you are expected to wear many hats and each hat can come with a ...

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Insurance for Recruitment Consultants

... from our trusted insurance partners: Why do Recruitment Consultants need Insurance? You recruit the ... to take out Professional Indemnity insurance for your Recruitment Consultancy.. This insurance is designed to respond ...

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How to setup consulting business

... is handled by management consultants. Management consultants frequently specialize on a ... is select the coverage that is right for you, receive your insurance info straight to your inbox and get back to business! Get ...

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Public Liability Insurance In Brisbane

... Professional Indemnity, Business Insurance . What does Public Liability Insurance ... insurance for IT professionals insurance is designed to meet the specific need of IT consultants. BizCover’s IT professionals insurance ...

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4 Tips for IT Consultant to Succeed

... Have patience It may be quite irritating as an IT consultant when you’ve spent weeks demonstrating a new IT system ... risks. For example, ensure you have adequate business insurance * in place to cover any risks you may ...

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Public Liability Insurance NSW

... for small businesses by providing a stamp duty exemption on certain insurance products. The exemption applies to both Public Liability and Professional Indemnity policies. To be eligible (as that the time of publication ...

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No Dramas

... Consultants Restaurants & Cafes IT Professionals Hair & Beauty Services Manufacturing Allied Health Professionals Professionals Insurance ... . Professional Indemnity insurance* : Professional Indemnity insurance covers ...

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Public Liability Insurance NSW

... for small businesses by providing a stamp duty exemption on certain insurance products. The exemption applies to both Public Liability and Professional Indemnity policies. To be eligible (as that the time of publication ...

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Who is Covered Under an IT Liability Policy?

... in response to commercial contracts between consultants and clients requiring these insurances in addition to professional indemnity. The benefit of having professional indemnity, products liability and public liability ...

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Insurance by Industry

... of both businesses and professionals and that's why our comprehensive insurance offerings include: Professional Indemnity , Public Liability , Business Insurance , Management Liability , Cyber Insurance and Tax Audit . ...

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Public Liability Insurance QLD

... Liability Insurance? The term 'Professionals' encompasses a broad range of occupations that usually require specialist training and qualification. From Real Estate Agents and Marketing consultants to IT professionals , ...

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A Guide to Hiring Contractors

... all fields of expertise from project consultants, engineers, IT specialists to tradies ... insurance that are often required are Public Liability insurance and Professional Indemnity insurance*. Public Liability insurance ...

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Business Insurance Perth

... and crisis management costs Related: Cyber Liability Insurance Who needs business insurance in Perth? ... site A requirement of a rental agreement Professional Indemnity insurance* May be requested to hold a certain ...

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Public Liability Insurance WA

... Liability Insurance in WA? The term 'Professionals' covers a wide range of occupations that typically need specialist training and qualifications -f rom r eal e state a gents and m arketing c onsultants to IT consultants ...

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Home Based Business Insurance

... Consultants Dog walking Dog grooming Graphic designer Hair dresser Online shops Photographer Writers Web developer Insurance ... recovery Extortion Fines and penalties Crisis management costs (to restore your businesses ...

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Cyber Liability Insurance

... and penalties Extortion costs PR and crisis management costs What is typically NOT covered? ... Lawyers, Accountants, Consultants, Estate Agents, Insurance Brokers, Retailers etc *As with any insurance, cover will be ...

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Information Technology Liability Insurance

... a snapshot of what Professional Indemnity and Public and Products Liability insurance provide cover for. Professional Indemnity insurance Professional Indemnity insurance secures IT professionals and their businesses for ...

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What is Business Insurance?

... then you need to protect these with the right Business Insurance cover: Businesses that own stock &/or fixtures and fittings and contents Consultants that use portable valuables like laptops/iPads Property owners Example ...

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Public Liability Insurance QLD

... Liability Insurance? The term 'Professionals' encompasses a broad range of occupations that usually require specialist training and qualification. From Real Estate Agents and Marketing consultants to IT professionals , ...

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The Ultimate Guide to Writing a Business Plan

... for accountants, café owners, professional consultants etc. People who share common ... insurance solutions from the basics like Public Liability and Professional Indemnity insurance * to a variety of Business Insurance ...

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8 Budget Friendly work-from-home opportunities

... get clients. Digital marketers often work as freelance consultants and help other businesses grow their businesses online. ... calls Data entry Diary management Managing emails Blog management Technical support Graphic ...

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Civil Engineering Explained

... Design consultants will become even more important due to expansion of renewable energy projects. Bizcover can help your business choose insurance for civil engineering options, which can include professional indemnity ...

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5 Reasons to love Personal Accident Cover

... aren't covered by Worker's Compensation such as consultants , contractors, sole traders or directors, and can also ... : 1. No Health Checks Unlike some other insurance policies, a personal accident policy will not require ...

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Insurance for Sole Traders and Self Employed

... Carpenters Cleaners Consultants Electricians Handyman IT Professionals Lawn Mowing ... traders who offer professional advice and services who are often required to hold a Professional Indemnity insurance policy*. Whether ...

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Insurance for Project Managers

...   Construction project management services  Architect and Architectural consulting services  Did you Know? Even if your projects take you across the country, your Professional Indemnity insurance covers you anywhere ...

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BizSave

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Do I need Professional Indemnity insurance?

... your industry professional body or regulator requires you to hold Professional Indemnity (PI) cover. ... ignoring it won't go away. Don't despair. Professional Indemnity insurance is your best defence when faced with a claim. ...

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Professional Indemnity for Real Estate Agents

... licenses under the Property, Stock and Business Agents Act 2002 hold a minimum of $1 million Professional Indemnity Insurance with a number of set policy inclusions. 1 Even with this requirement, it is worthwhile looking ...

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Professional Attire Insurance

... member of the Village People? There's now a revolutionary solution; Professional Attire Insurance, that covers you for any damage to your professional uniform, offering a rapid replacement service for any stain, torn or ...

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A Guide to PI Insurance

... is to make Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance is a form of ...

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Understanding business insurance for bookkeepers

... in rendering professional services. Professional Indemnity insurance* One of the basic types of insurances you need to consider as a bookkeeper is Professional Indemnity insurance . Professional Indemnity insurance is ...

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Understanding Insurance for Graphic Designers

... of an unhappy client making a claim. This is why Professional Indemnity insurance is an important coverage to consider. Professional Indemnity (PI) insurance is a form of protection for businesses that provide specialist ...

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Understanding Insurance for Interior Designers

... client to make a claim . In scenarios like these, Professional Indemnity insurance can help protect your business. Professional Indemnity (PI) insurance is an important form of protection for interior designers to look ...

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Insurance for Real Estate Agents

... man in the street. Putting some risk management in place will help ensure your reputation doesn't go under the hammer should something go wrong. That's where Professional Indemnity Insurance comes in. It is designed to ...

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Understanding run-off insurance

... purchased once for a selected period of time by the insured. If you need to get your Professional Indemnity or Run-Off insurance sorted for your business today, get in touch with BizCover today. We provide multi-year Run ...

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Management Liability Insurance

... of a company. Think of it like this: where Professional Indemnity insurance covers the advice or service you provide to your clients, Management Liability insurance covers the risks that arise from running your business ...

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Insurance for Massage & Alternative Therapies

... you must be a recognised provider with the fund. Most health funds require providers to hold a current Professional Indemnity insurance policy with at least $1 million worth of cover, or $2 million if you wish to be a ...

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Insurance Considerations for Personal Trainers

... were to go wrong because of this advice. To cover yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for any claims that may arise due to any advice that you ...

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Insurance for pharmacy and pharmacists

... third party due to alleged or actual negligence or errors in your professional pharmacy services or advice.  Your Professional Indemnity insurance will cover the associated compensation payable to a third party together ...

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Insurance for Plumbers

... or sustain property damage as a result of your negligent business activities. Professional Indemnity Insurance* Professional Indemnity insurance * is an important form of protection for businesses that provide specialist ...

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Small Business Insurance Index

... over the last few years, however this year the increases were minimal. SME Professional Indemnity insurance prices have also remained flat over the last 10 quarters, this is contrary to what is happening in the broader ...

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Insurance for Nurses

... policy there is no guarantee that you will be given enough protection. Holding your own Professional Indemnity Insurance (PI) policy is the best way to ensure you are fully covered against financial loss for any ...

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Insurance for Bookkeepers & BAS Agents

... , 2011, the Tax Practitioners Board required Bookkeepers and BAS Agents to have Professional Indemnity (PI) insurance. Professional Indemnity insurance coverage helps to reduce the risk that an Agent will be made liable ...

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Insurance for Registered Migration Agents

... or advice. PI Insurance also helps with the costs associated with responding to or managing claims covered by your policy. Tip: Migration Alliance members receive a discount of on Professional Indemnity policies with ...

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Insurance for Nurses

... Did you Know? The Nursing and Midwifery Board of Australia has set minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses, registered nurses and midwives. You are required to have your ...

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Insurance for Electricians

... back a couple of grand. Professional Indemnity Insurance Protection for electricians that have clients who rely on the professional advice that they provide. Professional Indemnity (PI) insurance is an important form of ...

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Understanding Insurance for Physiotherapists

... protection , it is a registration requirement for physiotherapists practi s ing within Australia. Professional Indemnity (PI) insurance is designed to respond to claims against your business for losses as a result of ...

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Understanding Insurance for Real Estate Agents

... take mistakes can still occur. Professional Indemnity insurance  is designed to respond to ... professional services Misleading and deceptive conduct Poor property management Some statutory breaches Public Liability Insurance ...

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Insurance for architects- the blueprint to success

... state or territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one of the ... and PR management costs. A grand plan Don't let the thought of arranging your architect’s insurance put ...

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Insurance for Accountants

... can make mistakes, and these errors or omissions could result in financial losses for your clients. Professional Indemnity insurance will protect your business from losses arising out of acts, errors and omissions from a ...

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Reviews related to Professional Indemnity Insurance For Management Consultants

  • I have played phone tag with several brokers and insurance providers...what a relief to finally find a simple online service.

    Paul C Cunningham
    Consultancy Occupations

  • Easy & intuitive website for generating multiple professional indemnity quotes. Good personal follow-up by friendly brokers.

    Malindi M
    Management Consulting Service

Why do Consultants need insurance?

You offer game-changing results for your clients; we offer a game-changing way to get your insurance. With just a few clicks or a phone call, you’ll get multiple competitive quotes from some of Australia’s leading insurers. Select your preferred policy and you’ll be covered instantly, so you can continue running your business.

Did you Know?

If you’re a consultant working as a sole-trader you are personally responsible, both legally and financially, for all aspects of your business. In other words, there is a potential for you to have enormous liability exposure, which may affect your personal assets if things go wrong.

Insurance for Consultants

Professional Indemnity*

There are literally hundreds of different consulting professions, yet all are required to provide a professional service or specialist advice. Professional Indemnity insurance is designed to protect you from losses claimed by clients that are incurred as a result of your actual or alleged negligence or omission in the provision of your professional service or advice.

Your Professional Indemnity policy, will cover the award of compensation payable to a third party together with your defence costs (which can include legal fees, investigator fees and expert fees)

Examples of some of the many consultancies who can take out Professional Indemnity Insurance through BizCover include:

  • Agricultural Consultants
  • Agronomist
  • Anthropologist
  • Asset & Facility Management Consultant (Non-financial assets)
  • Auctioneer (Non-real estate)
  • Cartographer
  • Community Development Consulting
  • Corporate & Business Consulting
  • Cultural Consultant
  • Export Consultant
  • Film Production Advisory Consultants
  • Fundraising Services (for not for profit entities only)
  • Geophysicist
  • Land Economist
  • Land Surveyor
  • Life Coaches
  • Marriage Counsellor
  • Personnel Consultant
  • Photography (consultants and photographer)
  • Procurement Consultants and Probity Advisers
  • Public Relations
  • Resettlement Consultant
  • Residential Property Presentation Consultant
  • Safety Consultants
  • Shipping & Forwarding Agents
  • Social Worker
  • Telecommunications Consultants
  • Tourism Consultant
  • Valuers (antiques and art only)
  • Weight Loss Consultant

 

^Accurate as at September 2019

Public Liability Insurance*

Public Liability insurance is a no brainer for all types of consultancy services. 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 are injured or sustain property damage as a result of your negligent business activities.

Meeting with your clients, either at your office or if you visit them at their premises, means you’ll be exposed to potential mishaps and accidents – think of a client tripping over at your premises or if in the excitement of presenting your proposal at their office you knock over that expensive art work.

Business Insurance*

Your clients bring in your income, but where would you be without your business assets?

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances.  In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks.

Cyber Liability*

Consider the client data you may storing and the consequences if your systems were compromised.

A cyber liability insurance policy is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption due to a cyber event.

Common causes of claims

  • Providing inadequate or incorrect advice
  • Lack of appropriate due diligence & allegations of negligence
  • Misstatement or misinterpretation
  • Dissatisfaction with timeliness of completing work
  • Confidentiality breaches
  • Fraud and dishonesty
  • Conflicts of interest
*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy document.  The information contained on this webpage is general only and should not be relied upon as advice.