facebookI run a consulting firm. How do I protect against liability for advice, consulting work I do? My agent friend told me to look for public liability. Any advice? - Seedly

Anonymous

12 Jul 2020

Career

I run a consulting firm. How do I protect against liability for advice, consulting work I do? My agent friend told me to look for public liability. Any advice?

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For consultants, you would be looking at Professional Indemnity Insurance.

public liability insurance protects you against liability for injuries/property damage to third-parties (e.g. clients slipping in your office and injuring themselves). It does not cover the liability you have from the professional advice you dispense.

Professional indemnity insurance, on the other hand, does cover you from liability stemming from your consulting work. It protects you from negligence, errors & omissions, sub-contracted work (e.g. outsourced consulting), and much more. This is an essential protection for any type of consultant. Annual premiums can start from as low as $450 - that's about $37/month, which is probably less than than you'd spend on food in a week...

Provide helps you get online consultants insurance quotes. With Provide's online platform, you'll save up to 25% on premiums.

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