Management Consultant Insurance.
Protect Your Advice.
Professional Indemnity and business cover built for Australian consultancies.
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Core Cover
24h
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Access to Australia's leading insurers and underwriting agencies, including:
Strategic Protection
Why Management Consultants Need Insurance
Your advice shapes client decisions. When those decisions don't pan out the way they expected, you can find yourself in the firing line.
Professional Indemnity is the core cover for any management consultant. It responds when clients allege your advice, analysis or recommendations caused them financial loss. But it's not the only risk you face.
RISK ANALYSIS
Here's why the right insurance matters:
Client Claims: If a client believes your advice led to financial loss, whether from a failed strategy, flawed analysis or missed deadline, they might take legal action. Professional Indemnity covers your legal costs and potential settlements.
Accidents on Site: Meeting clients at their premises? If you accidentally damage equipment or cause an injury, Public Liability can cover the costs.
Cyber Exposure: Consultants regularly handle sensitive client data. A breach could expose that information, leading to notification costs, recovery expenses and reputational damage. Cyber Insurance helps manage these risks.
Contract Requirements: Government and corporate clients often require proof of insurance before signing. Having cover in place keeps you in the running for larger contracts.
Focus on Your Work: With the right protection, you can advise clients confidently without worrying about unexpected legal or financial setbacks.
Client Claims: If a client believes your advice led to financial loss, whether from a failed strategy, flawed analysis or missed deadline, they might take legal action. Professional Indemnity covers your legal costs and potential settlements.
Accidents on Site: Meeting clients at their premises? If you accidentally damage equipment or cause an injury, Public Liability can cover the costs.
Cyber Exposure: Consultants regularly handle sensitive client data. A breach could expose that information, leading to notification costs, recovery expenses and reputational damage. Cyber Insurance helps manage these risks.
Contract Requirements: Government and corporate clients often require proof of insurance before signing. Having cover in place keeps you in the running for larger contracts.
Focus on Your Work: With the right protection, you can advise clients confidently without worrying about unexpected legal or financial setbacks.
REAL-WORLD SCENARIOS
Common Risks Management Consultants Face
Real scenarios where Management Consultant Insurance can step in:
You fail to map out a project's milestones properly, causing delays and financial loss for your client. They sue for negligence. Professional Indemnity covers your legal costs.
A hacker accesses confidential client data stored on your laptop. Cyber Insurance helps cover recovery, notification and remediation expenses.
You accidentally knock over expensive equipment during a site visit. Public Liability covers the replacement cost.
Your data analysis leads to flawed advice, costing your client money. Professional Indemnity responds to handle the claim.
A former employee claims unfair dismissal. Management Liability cover helps pay for legal fees and settlements.
Investment Factors
What Affects the Cost?
The cost of Management Consultant Insurance depends on a few key factors:
Annual Revenue
Higher earnings typically mean higher premiums, as your exposure to risk increases.
Number of Employees
More staff can increase costs, particularly for liability covers.
Cover Limits
Choosing higher limits (e.g., $10 million vs $1 million) raises premiums but provides greater protection.
Claims History
A clean record helps keep costs down. Past claims may increase your premiums.
Policy Structure
Bundling covers like Professional Indemnity and Public Liability into a Business Pack can sometimes reduce overall costs.
KNOWLEDGE BASE