A key part of every HR or training consultant's role is to provide professional, reliable advice to their clients.
But if your client thinks that your advice is negligent and led to a financial loss or hurt their reputation, then they could claim for compensation.
Plus, many clients may ask you to provide proof of professional indemnity insurance before they agree to work with you, especially if you're working with local authorities or large companies.
Direct Line for Business Professional Indemnity Insurance meets the requirements of the major professional bodies for HR and training consultants, including the Recruitment and Employment Confederation and the Chartered Institute of Personnel and Development (CIPD).
If you're sued for a professional consultancy mishap which is covered by your policy, our Professional Indemnity Insurance will pay out for the defence costs you may need such as lawyers, experts and other court costs, which are payable in addition to the policy limit.
You'll also be covered if you need representation at any inquiry which is directly related to any claim or circumstance and for any compensation up to the policy limit that you choose.
|When do you need it?|
|Breach of professional duty||When you or your business has a duty of care to a client, but doesn’t live up to that standard, such as incorrect advice or making a mistake in your work|
|Unintentional breach of confidentiality||If your business keeps confidential client information and accidentally releases it to a third party without the client's consent, or it's stolen, your business could be sued|
|The loss of or damage to documents||Information kept on computers and on file could be,damaged, lost in the post, or even stolen due to negligence while in your care|
|Unintentional infringement of intellectual property rights||Your business could be sued if it accidentally violates a copyright, patent, or trademark, including imitation or passing another's products/services off as your own|
|Libel or slander||Writing or saying statements that damage someone's reputation could lead to your business being sued|
Once you take out our Professional Indemnity Insurance, you're covered for work you've done from that moment on, so long as you keep renewing your policy. You can also get retro-active cover, so your business is insured from the date you first bought a professional indemnity policy. But you'll need to keep a record of any previous policies.