Consultants & Professionals insurance

Why do Consultants  & Professionals need insurance?

The correct insurance will minimise disruption and cost to you and your business should disaster strike. You may find insurance is also a requirement of your contracts, regulatory body or even a legal requirement. You may be surprised to hear that a significant proportion of professional indemnity, errors and omissions claims are made against professionals and consultants who have done nothing wrong but they still need to be defended, and without consultants insurance that defence can be very expensive or even business ending.

Do professionals and Consultants need a bespoke package of insurance?

All professionals and consultants are different and therefore have different requirements, there are also requirements that can be stipulated by professional bodies, contracts and regulations. The needs of Accountants are very different to a Surveyor – yet one Surveyor can be totally different to another. Recruitment consultants can have contingent or vicarious cover requirements and those in the medical or health sector need to consider malpractice risks.  Additionally, if you are responsible for your office, then you also need to take a look at what kind of insurance your office and its contents require. Contact us