Professional Indemnity Insurance For Marketing Consultants

Why do Marketing Consultants need Insurance?

Your clients ultimately rely on you to help increase their leads, sales and profits, but you should consider appropriate business insurance to protect you against potential pain-points. Being the marketing professional that you are, we don’t need to convince you that comparing insurance from some of Australia’s leading insurers online is the smart way to go.

What types of insurance do marketing consultants typically consider?

Professional Indemnity

As a marketing consultant, you are expected to wear many hats and each hat can come with a different type of risk.  It’s always hard to keep everyone happy, and everyone has experienced a  hard-to-please customer who holds unreasonably high expectations.

Professional Indemnity insurance is your secret weapon to protect yourself against financial losses if you end up facing a claim for actual or alleged negligent acts or omissions in the provision of your professional service or advice. Having Personal Indemnity insurance will let you breathe easy, assisting  with the payment of compensation to a third party, together with your defence costs (these are the reasonable costs incurred in investigating and defending a covered claim and include legal fees, investigation fees and court costs).

Public Liability Insurance

If you have an office where your clients visit you, or you are getting your dose of vitamin D by heading out to meet them, Public Liability insurance is important to your business.

It is designed to provide protection for you and your marketing business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.

Business Insurance

Your clients are important, but so are your business assets.  General business insurance is designed to provide cover when insured events occur (for example, fire, storm or theft).  It can provide cover for your building, contents, stock or event an interruption to your business. A business insurance package can even include tax audit, statutory liability or employment practices insurance cover.

Cyber Liability

Consider the client data or personal information you may be storing and the consequences if it were to be 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.

Claim Examples