As people are now more willing to turn to the law when dissatisfied with service, our work environment has become increasingly litigious. At Collegiate we are very aware of the impact a claim can have on the financial standing and reputation of your firm. Our professional indemnity insurance indemnifies you from the legal liability and legal defence costs you may incur as a result of breaching a duty of care to your clients.

If you are a management consultant seeking cost effective professional indemnity insurance form someone who understands your business, we can help you.

Professional indemnity is applicable to management consultants in most industries including financial, manufacturing, operational, organisational, project management, property, quality control and transport.

All our quotations are individually underwritten so you can be sure the premium reflects your firm’s unique circumstance.

Typical claims relating to Management Consultants:

• Not informing clients of commercial risks associated with a course of action,
• A Consultant not fully understanding their client's organisation and advising on unsuitable measures,
• Claims from individuals, typically directors or shareholders, who allege that they also relied on the advice of the management consultant to a client company,
• Giving advice to a client company too late to avoid liquidation or administration or giving advice which is said to lead to insolvency.

  For further information on the cover and service we provide please click on ‘ Management Consultants Fact Sheet’ opposite:

  All Professional Indemnity Insurance is on a claims made basis, that means you must have an active PI policy at the time a claim or allegation is made against you. It is important to remember that once a PI policy expires you can no longer make any claims against it. Therefore you need to consider maintaining your PI insurance once you cease trading. This is called Run-Off Insurance and provides protection against any claims which may arise from work you undertook in the past. Some professional Institutions require their members to carry Run-Off insurance.

  Run-Off is an annually renewable policy, the premiums will usually reduce each year to reflect the reducing exposure to insurers.