Of course you take every care to ensure that the recommendations you make to clients are in their best interests. But suppose things don’t work out according to plan. Suppose your projected sales increases don’t materialise. Or your plans to rationalise production actually increase overheads. What happens then?
What could very well happen then is a claim for damages based on your negligence. And without the protection of management consultant professional indemnity insurance, that could leave you facing legal bills and a possible compensation award amounting to more than enough to threaten everything you’ve worked for.
The good news is that it couldn’t be easier to arrange all the management consultant insurance you need. Simply follow the link - you’ll have a quote within seconds and can be fully covered, by an ‘AA’ rated insurer, in a matter of minutes. If you’re not sure about anything, there’s a dedicated Helpline you can call.
We’re committed to providing the best insurance for management consultants that we possibly can. So don’t wait for the worst to happen. Click today.
Business Consultants working in numerous areas like Corporate Restructuring, Sales, Finance, Transaction Services, Management, Enterprise Risk Management, Strategic Insolvency and more follow a diverse range of duties. These professionals concentrate on handling various concerns and on enhancing systems and performance. They develop rapport with others, negotiate ingeniously and exhibit outstanding follow-through. They need to articulate their thoughts, effectively, comprehensibly and crisply. Professional Indemnity Insurance for Business Consultants proffer Business Consultants requisite monetary help in situations of claims of damages due to negligence, errors or omissions.
E-Business experts focus mainly on enhancing processes, reengineering principles and methodologies for promoting efficiency. They act as chief coordinator amid numerous project teams for guaranteeing enterprise-wide re-engineering integration strength. Furthermore, they undertake transaction flow analysis, activity data modeling, risk analysis and opportunities for enhancing logical business. They develop Information Models, standard procedures for Information Systems and Database Management Systems. Professional Indemnity Insurance for Business Consultants proffers fiscal aid to E-Business Process Experts confronting damage claims on account of omissions, neglect or errors.
Buyers are employed in industry like travel, fashion or as buyers of property, food, and more. Their duties include developing strategies for ascertaining availability of best quality item at most reasonable pricing. Buyers predict possible demand for component parts, services or products utilized in various production processes. They spot out prospective suppliers, appraise supplier bids, gain thorough market knowledge and develop purchasing strategy. If faced with legal ramifications and financial claims, Management Consultants Insurance can offer much needed monetary cover to a buyer.
Careers Advisor Service includes wide-ranging information, help, counseling/support and advice to students. Careers Advisors conceive, develop, present and keep up the developmental program for careers education and can work as part of a team. They mediate with other organizations for young people. Besides, they conduct workshops, develop strategy for searching employment and offer psychometric testing, evaluation and get feedback. Professional Indemnity Insurance for Business Consultants offer career advisors the much needed financial support in paying up for the damages incurred from their wrong advice, errors, omissions or neglect.
Change management is the process that involves requesting, determining, formulating, implementing and evaluation of any changes made to a system. A change manger helps in fixing problems relating to system maintenance or administration. Management Consultants Insurance covers liabilities against worker's compensation, financial claims, any damage resulting from change management system and other related to it. This insurance service can protect a consulting change manager against huge financial loss.
Chartered Development Consultancy focus on maintaining and determining different fields related to chartered accountancy. Chartered Development Consultancy is entrusted with responsibilities related to auditing and taxation of the organization. Management Consultants Insurance offers to Chartered Development Consultancy cover against any liabilities resulting from worker's compensation, financial claims, misconception of company data and information or any other related to it. This Professional indemnity insurance can protect the consultancy service provider from any financial claim made against.
Institutions involved in development of the company and planning of the policies help in improving the business functioning of an organization through various tools. They provide management tips; conduct various workshops on leadership and business, offer training and consultancy service to the company to effectuate growth of the organization. Management Consultants Insurance offers cover to such institutions against any liabilities such as financial claims and any other related to business management.
Company Search Agents help in finding the business and organizations according to the formation, and other administration processes. The company search agents also provide information on special services and other data regarding to the company. Management Consultants Insurance offers company search agent the much-needed cover against any liabilities resulting from wrong information on the details of the organization. This professional indemnity cover can protect a Company Search Agents agent against any financial claim made against his/her service.
Compliance coordinator monitors the compliance of the company with the government regulations related to the area of their work. The coordinator makes research from the resources available and coordinates with the information gained. He also tracks the transaction standards, privacy and security of the company. Management Consultants Insurance covers compliance coordinator for liabilities against worker's compensation, financial claims, or other related to coordination of the information. This professional indemnity insurance can protect a Compliance coordinator from heavy financial loss.
Compliance Inspector may work for different domains and other than inspecting the functional and regulatory compliance of the business of his/her client, the professional is also responsible to take measure towards enforcing corrective measures related to his work. Their effectiveness lies in their knowledge of the field that they are serving and they find solutions to their problem areas. Management Consultants Insurance covers compliance inspector for liabilities against worker's compensation, financial claims, any damage of the property at client's place; and other related to his field of activity.
Corporate Identity Consultants decide on changing of the company's name depending on various reasons. The Consultants determine the strategic step to be taken by the company and makes alterations in the company's direction. The consultant takes into consideration every detail while naming the company. Management Consultants Insurance offers cover to Corporate Identity Consultant on any distress occurred while altering the name and service of the company. This professional indemnity insurance variety can protects Corporate Identity Consultant against any such financial loss.
Counseling Service professionals offer solution against difficulties rising from emotional/academic/ financial/psychological breakdown in life. Experts in counseling services present a confidential environment wherein an individual or a group can explore different facets of an involvement. Management Consultants Insurance offers counselors the much-needed cover against any liability resulting from the fault time of counseling. This professional liability insurance variety can protect a Counselor against any financial loss.
Data analysis is a process of acquiring, modeling, and changing information with the intention to use information and make its optimized use in providing suggestions and solution. Data analysis integrates several aspects and approaches. Management Consultants Insurance offers cover to a data Analyst involved in managing data against any financial loss incurred due to errors committed while performing his/her duty.
Distribution in an organization integrates the process of developing a product or service which can be consumed by the consumer or business user. Often distribution involves a chain of intermediaries who act as channel between the producer and users. In such case distribution involves taking into consideration specific needs of the producer and end-user.Management Consultants Insurance offer cover to such distribution channels against any claims related to managing distribution and help them in case of financial problems.
Export Consultants are professional with an expertise with export laws and regulations. Export Consultant offer guidance to the export professionals who want to carry their export business to other foreign destinations. Management Consultants Insurance offers Export Consultants cover against worker's compensation, financial claims, any damage of the property at client's place and other issues related to export business. This professional indemnity insurance variety can protect an export consultant against any heavy financial loss.
Finance and Accounting deals with accountancy which includes creating of financial statements for stockholders, suppliers, banks and various government agencies. Financial statements include statements that state the income or expenditure of the company or organization and a summary of the assets. Management Consultants Insurance covers institutions against liabilities made on the part of them while developing financial statements and other data related to business management. This could protect the professional against heavy financial loss.
Food Industry Consultants covers every aspect of the food industry, which includes their production, retail, restaurants and other related to the processing of the food. Covering all the food business, the food industry consultant determines the business, manufacturing and quality of food. To any food industry consultant, Management Consultants Insurance works as a cover against, financial claim made against to the information and quality of food or its manufacturing company for which the professional has lent his/her service.
Forestry Consultants are professionals that have an expertise in providing information on the projects related to the forestry. They make a comprehensive study on the nature of soil and environment that can be conducive in expanding the green land area. Management Consultants Insurance offers cover to forestry consultants against any claims made on their research of soil or vegetation. This insurance acts as a buffer against any financial expense incurred against worker's compensation, financial claims, any damage of the property at client's place and other related to the business. This professional liability insurance can protect a Forestry consultant against heavy financial loss.
Fuel efficiency consultant is the professional with an expertise in the field promoting fuel efficiency. Fuel efficiency consultant provides advice on the performance of the fuel efficiency which will improve the company's financial performance. Management Consultants Insurance offers cover to Fuel Efficiency Consultants against worker's compensation, financial claims, or any such damage of the property at client's place and other related to the business.
Health and Safety Consultants are professionals who are expert in offering knowledge on health, quality and environmental safety of the organization and its worker. Health and Safety Consultants have the knowledge on the regulations and act related to the provision of health and safety in the organization. Management Consultants Insurance offers cover to consultants against any liability caused with regard to the health and safety of the workers thus helping them against any financial claim.
Higher Education Consultant gives proper advice on higher education along with the information on the exact location of the university and also on courses to be taken up. Higher Education Consultants specialize in providing assistance to the students by offering them comprehensive and flawless information on high education. Management Consultants Insurance facility for High Education Consultants cover these professionals against financial claims arising on the account of erroneous information provided by them related to high education.
Professionals who are involved in training all the matters related to law provide legal training. The professional institutions are well versed with the state and international law. They manage to be good with every section of the civil and criminal laws. Management Consultants Insurance offers cover to the institution against any liabilities caused due to any misinformation provided by them while legal training. This professional indemnity insurance variety can help a legal trainer the much needed cover against any financial claim made against him/her.
Management consultancy are involves in the performace of the industry. The management consultant analyzes the existing business problems and then formulates the plan for the development and improvement of the business. The management consultancy hires professionals with knowledge on the market scenario. Management Consultants Insurance offers Management Consultancy cover against worker's compensation, financial claims, and other related to his/her assessment and the subsequent delivery of service.
Management training mainly involves training of management professionals with various skills that could help in the performance of the business of the company. Management training involves acquiring of personal and professional skill through conducting various workshops and lectures. Management Consultants Insurance covers management training professionals against any compensation, financial claim, damage caused by on the course of rendering the service. This professional indemnity insurance variety can cover the management training professionals against any financial loss incurred due to any negligence or error committed while performing his/her duty.
Marketing consultants are the professionals offering service in promoting the business of a company. They develop strategies and plan policies that can help in promoting the business and service of the company. Management Consultants Insurance covers marketing consultants for liabilities against worker's compensation, financial claims made by the clients or other related to the marketing of the business.
Every mediator has his own way of acting as a middleman for his client while dealing with a prospect. But while mediating for his company the professional needs to maintain the confidentiality of his client and also focuses on planning solution for the working of the business of the client. Management Consultants Insurance covers Mediator against any liability that can affect the name and business of the client. This insurance policy protects a mediator against heavy financial loss incurred due to error or negligence in performing the duty.
Mergers and acquisitions are important aspects of corporate world which integrates strategy, finance, management and expansion plan of the company. Merger and acquisition Managers deal with the purchase, selling and merging of companies and aid in the financial growth of a business. Management Consultants Insurance offers cover to professionals involved in Merger and Acquisition from the counts of financial claims arising due to error or negligence in performing the duty.
Operation Managers are professionals who primarily manage the manpower, capital resource, and raw materials of the company. The operation managers mainly concentrate in transforming raw material into an end product. Operation managers offer value to the service of the company by optimizing the inputs. Operation Managers control the resources of the company. In order to secure from any professional liability or to counter any financial loss Management Consultants Insurance offers cover to the operation managers.
Personnel management and selection is the process that requires screening of the individuals who can manage human resource of the organization. This process requires impeccable approach in selecting of such professionals. Agencies involves in selecting them should take proper information of the person to be recruited. Management Consultants Insurance covers such institutions for liabilities against any incorrect information on the personnel and selection. This insurance policy protects a personnel management and selection professional against heavy financial loss incurred due to error or negligence in performing the duty.
A private tutor is a private instructor hired by an individual on specific educational subject or skill. Instructions from the tutors help in improving the knowledge or skills of an individual more rapidly. There are many agencies that provide private tutors on special subjects. Management Consultants Insurance covers liabilities of a tutoring professional against unforeseen financial claims.
Procurement is the process which involves acquiring goods and services at the best possible cost. The process involves making purchase on perfect quantity and quality and from the right source. There are professionals who are involved in the process of procurement for the benefits of the company or individuals and are bound to the duty by a contract. Management Consultants Insurance offers cover to the procurement professional against any damage of the goods and other related to business deal or financial loss incurred while delivering a duty.
Production is the process which involves manufacturing and production of goods and services. It focuses on the pricing of the services and goods and other decisions related to the production. Consultants involved in the production management look into the cost and pricing of the raw materials and the products manufactured. Management Consultants Insurance covers production consultants for liabilities against worker's compensation, financial claims, any physical damage of client's property and other matters related to production.
Project management is the process which covers the responsilibilty of the planning, execution, and closing of any kind of business project. A project manager deals with the essential needs of the client. Management Consultants Insurance offers Project managers with protection against unforeseen financial claims on the damage caused by a professional on the course of his/her service to the client place and other related to business management.
Public Relations Consultant analyzes and promotes the products and services with public relation efforts. They evaluate the social, economic and political trend prevalent within the market and thus improve the image of the organization on that basis. Public relation consultants sponsor their products by maintaining every kind of public contact. Management Consultants Insurance offers to the Public Relation Consultant the much-needed cover against financial claims made by a client.
Public services admin maninly involves services provided by government institutions to its citizens. Public services admin directly or indirectly carries out services which should be carried out regardles of the income. Management Consultants Insurance offers to the institution involved in public service admin cover against worker's compensation, financial claims, or any responsibility carried on the side of the public admin. This insurance policy protects a Public services admin professional against heavy financial loss incurred due to error or negligence in performing his/her duty.
Quality Assurance Consultants are professionals with an expertise in providing information on the quality of the product that can suit the requirements of the customer. Quality Assurance Consultants offers guarantee on the quality of raw material, products, services and other components of the product. Management Consultants Insurance offers cover to the Quality Assurance Consultants against any irregular assessment done on the quality of products and services. This insurance helps quality assurance consultants against any financial loss.
Quality Systems includes a set of policies and processes which contribute towards planning and development of the business of an organization. Quality system intends to provide an organization with an approach that will help in identifying and controlling various processes to improve business performance. Management Consultants Insurance covers institutions involved in quality systems against liabilities like worker's compensation, financial claims, any damage of the property at client's place and other related to business management. This professional indemnity insurance policy protects a Quality systems professional against heavy financial loss incurred due to error or negligence in performing his/her duty.
Sales/ Marketing and Public Relations; more commonly known as PR, concentrates on advertising, marketing, promotions and other pubic relations activities in order to promote selling of a products or accommodating the service of a company. Management Consultants Insurance offers liability cover to managers controlling the sales, marketing and PR of the company against any claims made on their products and services offered. The insurance cover offers protection to the professionals against financial loss.
Before giving away house on rent to the tenants, it becomes essential for the landlords, property managers and resident managers to have complete screening of their tenants. Consultants carrying out tenant verification screen the credit reports of the tenants, criminal searches and other verifications. Management Consultants Insurance covers the consultants against any misinformation provided by them to the verification department and thus helps them fight any kind of financial loss resulting from the claims made.
Tourism consultants offer expertise in management and development of services related to tourism. They offer solution to problems related to specific domain of promoting and developing tourism marketing. They make research on various tourist attractions and thus plan tourism marketing strategically. Management Consultants Insurance protects tourism consultant against any claim resulting from their research and analyzing of methods of marketing tourism. This professional indemnity insurance policy protects a tourism consultant professional against heavy financial loss incurred due to error or negligence in performing his/her duty.
Town Planner are mainly involves discipline of planning land sites, transportation and exploring every essential activities related to the designing of the city. As it deals with larger environment, town planner considers various factors like environment, health and sanitation, transportation within the city. Management Consultants Insurance offers cover to town planner against any omissions against worker's compensation or residents of the city.
Traffic and Transport Consultant are the professionals who are responsible in the guiding and managing agencies related to traffic and transportation. They are trained in a way to answer the query of both international and national clientele. They have comprehensive knowledge on traffic and transportation and ability to analyze accidents, traffic safety and driver counseling. Management Consultants Insurance offers cover to traffic and transport consultant against any claims on damage related to traffic and control.
Training is the process which involves acquring of knowledge, skills, and competencies which results from various vocational or practical knowledge and which contributes in enhancing competencies over other competitors. Management Consultants Insurance offers cover to those institutions that offer on-job and off-job training to the individuals. The insurance cover protects them against any claims made against any omission committed by the institution. This professional indemnity insurance policy protects a Trainer against heavy financial loss incurred due to error or negligence in performing his/her duty.
Wildlife consultant offers information on wildlife sanctuaries and reserves in a country. They also give detail information on various projects carried by different government organizations and NGOs. They offer detail information on plans, which cover topics related to the design and requirements of the wildlife sanctuaries and reserves. Management Consultants Insurance covers liabilities against worker's compensation, financial claims, and any other related to the management. This professional liability insurance policy can protect the Wildlife consultants against any financial claims.
'AA' Rated Insurer
300+ Professions Covered
Low Annual Premiums
Full Cover In 4 Minutes
Instant Policy Download
Dedicated Customer Helpline
Fast Claims Handling
Lots Of FREE Extra's
'When we discussed our business with our old insurance broker, they didn't know what we meant when
we referred to HTML development. Its nice to do business with an insurer who understands the IT world'
Mr. A. Page
'professionalindemnityinsurance.co.uk quickly understood the fundamentals of my freelance business and how best to insure it. I wish all my business transactions were so efficient and easy'
Mr. S. Wilkins
'I was so pleased to find a company that understands the needs of freelancers. Your profesional and friendly team helped me get exactly the right professional indemnity insurance for my business.'
Whilst management consultants all over the UK happily advise their clients on how best to structure and operate their businesses, many continue to ignore the increasingly likely prospect that a disgruntled client may one day choose to seek recompense through the courts if something goes awry.
For example, one management consultant acted as an interim finance director for a customer. The customer subsequently sued when their company suffered a downturn. They claimed the management consultant’s strategic advice was the cause of their financial difficulties.
Whether their claim is justified or not is somewhat irrelevant given that a huge legal bill will be awarded to both parties - whatever the outcome of the actual case. The sensible solution to any future threat of litigation is to take out an adequate professional indemnity insurance policy as soon as possible.
Management consultants insurance offers protection against claims for loss or damage by a client or a third party if a management consultant has made mistakes or is found to have been negligent in some or all of the services that they have provided. Give the scope of the management consultant’s role, these can be wide-ranging.
One case involved management consultants advising on a large restructure who found themselves in trouble when their redundancy advice was not completely correct. The tax office found the redundancies could not be classified as such as the company re-advertised the positions shortly after. This meant the company had underpaid their tax.
Another case involved a management consultant who was employed to undertake a management survey of a large company. They had been collecting data for four months when disaster struck and the computer server that held this data failed and the data was lost.
All insurance policies of any type carry details of the insured risks, exclusions and conditions. Management consultants insurance is no different – policies must be tailored to suit from the outset. Management consultants should consider potential liability timescales and who the sort of clients they may encounter - a freelance working with medium-sized clients may want a different level of protection than a large consultancy dealing with international firms with large turnovers.