Dave Beard

Expertly compared by Dave Beard

Products Updated April 30, 2018

Business Insurance For Consultants

If you’re working as a consultant then you’ll need adequate business insurance to protect you against risks associated with the work you do for your clients and on projects. Cover for your business can be arranged quickly across a wide range of insurance needs including professional indemnity, public and employers liability insurance.

Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:

2 providers expertly compared:

Hiscox

Provider
Hiscox Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.8/ 5

All credit types

Hiscox commercial business insurance provides a professional level of cover to protect every aspect of your business, from the premises to the people who work for you, and any legal matters that may arise from your day-to-day operations.

2 providers expertly compared:

AXA

Provider
AXA Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.7/ 5

All credit types

AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.

Read our customer and visitor reviews for this product:

Rating: 5 / 5 with 1 votes

Recieved quotes as promised.

by Clear Eye Wear Limited

Happy with the process and quotes. Simple to use and back up with a phone call. No pressure to buy, which was reassuring.

FAQ

When a client chooses to use your services they believe that you can help them to improve the way in which they operate, whether that is a large organisation or an individual.

This is a big responsibility but with your knowledge and ability your client trusts that you can help them change the ways in which they work. This means that your client will follow your advice and listen your recommendations but with this comes an element of risk. This is simply because should you incorrectly advise a client or act negligently they have the right to make a claim against you. A claim could be made to recover lost money or even claim compensation for injury. Your job can be stressful and intense which means you can easily make mistakes and this is why you should consider business insurance.

In the past you might not have had a claim submitted against you but this does not mean it will never happen so business insurance is imperative. It is designed to suit the needs of your business and will protect you from all claims made against you. These claims can be associated with incorrect advice, bad workmanship or even negligence. Clients may lose earnings and this means that they are entitled to make a claim. Claims can be expensive to cover if you do not have insurance as defence costs and compensation costs can mount up.

Mistakes are inevitable in any line of work and your industry is no different. This makes business insurance the most important form of insurance you can have for your business.

Professional indemnity insurance is created for your business and its aim is to protect you from any claims made against you that relates to negligence, wrong advice or bad workmanship. You could advise a business to change certain processes that ultimately cause the business to lose money or you could implement a different manufacturing process that causes problems along the way. If this occurs then your client will need to submit a claim to recoup any losses that are related to loss of earnings or any additional costs such as repair costs or having to employ additional staff. These claims can be damaging for your business but professional indemnity insurance will cover these costs and protect you.

You are also at risk from causing injury to your clients or damaging their property but public liability insurance can protect you from these claims. The risk of injury is everywhere but if you client should happen to injure themselves while meeting you at your office or if you damage their computer system while trying to identify problems your client will need to claim for losses and damages. Public liability insurance gives your business the cover it needs to deal with defence costs and settlement costs.

The following features come with business insurance:

  • Cover that ensures all claims are dealt with
  • Complete evaluation of claims before payment is committed
  • Full protection for your business
  • Defence costs and compensations costs are included within the cover
  • Complete understanding of your business needs to ensure the right cover is selected
  • Court costs are included within the cover
  • Insurance available to suit all budgets

What Are the Benefits?

  • Compliant with all legal requirement as well as industry regulations
  • Put more effort into your business
  • Protects all of your finances
  • Advice readily available and professional representation
  • Make confident decisions knowing that the cover protects you

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