Why do Marketing Consultants need insurance?
Working closely with clients and ensuring you meet their demands brings a lot of responsibility to get the job done right. Having the right insurance in place can protect you against claim related expenses and losses for copyright infringement, conflicts with clients and various other risks.
Did you know?
If you’re a consultant working as a sole proprietor you are personally responsible, both legally and financially, for all aspects of the business. The right insurances help to protect you if things go wrong!
Consultants insurance covers a broad range of professions.
We help insure many Consultants, Coaching & Training professionals and businesses including (but not limited to):
|Business Coaches||Marketing Consultants|
|Business Consultants||Research Consultants|
|Compliance Consultants||Training Professionals|
|Management Consultants||And many more …|
Professional liability insurance for marketing consultants
As a marketing consultant your clients pay you for your professional advice and expert services, making Professional Liability insurance an essential form of coverage to consider. Professional Liability insurance (aka E&O insurance) protects you against damages related to your services, actions and recommendations.
A Professional Liability policy can extend to cover employees and independent contractors from allegations of negligence, inaccuracy, the failure to perform, incorrect advice and other typical risks associated with the advice and services provided.
Long before you start meeting with clients, it’s important you have your General Liability insurance sorted. Whether you have clients visiting your business premises or you’re out seeing them, this is a vital coverage you need to consider as a consultant.
General Liability is designed to protect you and your business against allegations of bodily injury or property damage by a third party (not an employee). It can cover the related medical costs if an injury were to occur and also covers allegations of advertising injury and personal injury including libel, slander, defamation etc.
Dealing with clients always creates an opportunity of risk for an accident or something to go wrong, potentially causing financial loss and expenses. General Liability is there to help you stay in business for the long run.
Business Owner’s Policy (BOP)
This cost-effective package brings together some of the key types of insurance coverages you need to consider as a marketing consultant. The Business Owners Policy (BOP) Policy combines General Liability (as above) with additional coverage for their business property (mobile phones, laptops etc) non-owned business auto liability, business interruption protection and other coverage options.
The Business Owners Policy makes sorting your insurance an efficient experience that delivers peace of mind knowing that your marketing consultancy is protected against unplanned events and typical liabilities of the marketing industry.
One of the key responsibilities as a business owner is providing your employees with adequate Workers Compensation insurance.Some of the benefits provided to your employees if they were to make a claim against your workplace for injury or illness include:
- Medical care
- Replacement of lost wages when taking time off to recover
- Funeral costs paid for if they were to pass away
- Disability support costs