Professional indemnity for management consultants

We understand the unique business risks that management consultants face and that’s why our professional indemnity insurance is designed to protect your clients should they experience a claim related to their advice they have given, or in the event that one of their employees behaves dishonestly.

This cover is provided on a “duty to defend” basis; for an explanation of how this works, please click here.

Important documents

Management consultants PI - wording (UK) – 5570 WD-PIP-UK-MAN(4)

Management consultants PI - wording (Ireland) – 9871 WD-PIP-IRE-MAN(2)

Management consultants PI - summary of cover (UK) – 10160 MAN(1)

Management consultants PI - summary of cover (Ireland) – 10170 MAN(1)

Management consultants PI - client brochure – 7155

All management consultant documents

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What is covered

We provide, as standard, cover for:

defence on a "duty to defend" basis (for more information, click here)
negligence or breach of duty of care: we cover management consultants against claims related to giving bad advice whether advising on redundancies or a business acquisition for example
dishonesty: we cover for dishonest acts such as theft from clients committed by your client’s employees, sub-contractors, or outsourcers directly contracted to them and under their supervision
rectification: we cover the costs of putting right lost or damaged non-electronically held documents, or data of a professional nature
intellectual property: we cover your clients for using someone else’s intellectual property such as breach of copyright or trademark
advertising: cover given for advertising in the event of a negligent misstatement for example
computer virus: cover for negligent transmission of a virus
court attendance: we cover costs for your clients or an employee required, as part of a claim against them, to attend court up to a specified limit
crisis containment: which offers immediate and 24hr access to a specialist crisis management PR firm, up to a limit of £25,000 in costs.

Key benefits

A Hiscox professional indemnity policy also offers:

competitive premiums
flexible payment options including interest-free direct debit (saving up to 6% compared to some insurers)
option to mix and match a range of other insurance covers to produce a tailored policy – this means your clients only pay for the exact protection they need
your clients may also qualify for continuous cover – avoiding the need for annual proposal forms
plain English wordings, making it easy to see exactly what is covered.