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Professional Indemnity Insurance for Image Consultants, Manchester

Professional Indemnity Insurance for Image Consultants

Why professional indemnity insurance for image consultants can be so important?

As an Image Consultant you provide a service that comes with an expectation of a certain level of professionalism and specialist knowledge. When things go wrong you may well be held to account for any financial losses with legal action and Image Consultants professional indemnity insurance is designed to mitigate the effects of such actions.

Regardless of how many year’s experience your firm may have, there is always the possibility you (or one of your team) could make a mistake.

Professional indemnity insurance covers against a wide range of scenarios, including:

  • Professional negligence (i.e. making a mistake in a piece of work for a client)
  • Loss of documents or data
  • Unintentional breach of copyright and/or confidentiality **
  • Defamation and libel
  • Loss of goods or money (your own or for which you are responsible

** It is likely that this cover is of particular interest to an Image Consultant as this is one area where there are a number of professional indemnity claims.

Hensure Business Insurance has an online solution that allows you to quote and buy your professional indemnity insurance in a matter of minutes.

We can provide cover for public liability, employers liability and professional indemnity all from one simple to fill out on line procedure.

Get an online quote now, or for further information please contact us or call 01270 758056 today.

What limit of indemnity does an image consultant need for professional indemnity insurance?

The limit of indemnity you require under your policy is generally for you to decide based upon your own knowledge of your industry. It is also often the case that you have to buy professional indemnity cover for contractual purposes and so this may force you to buy a certain level of cover anyway.

Claims made basis of cover rather than claims occurring basis.

It is important to understand that professional indemnity policies are written on what is called a ‘claims made’ basis. This means that they provide cover for claims made against you during the policy period (ie after the inception or renewal date) that relate to work that you have done at any time after the retroactive date.

What is the retroactive date under a professional indemnity policy for an image consultant?

Policies on a claim’s made basis should include a retroactive date to protect the policyholder against claims in respect of work undertaken prior to the current policy year. The retroactive date should coincide with the date you started trading or the effective date of your first image consultants professional indemnity policy. It is possible to arrange a policy with retroactive date of none, which effectively provides cover in respect of all previous periods.

Why does an image consultant need professional indemnity insurance?

As an image consultant you provide a service that comes with an expectation of a certain level of professionalism and specialist knowledge. When things go wrong you may well be held to account for any financial losses with legal action, and image consultants professional indemnity insurance is designed to mitigate the effects of such actions.

Hensure Business Insurance has an online solution that allows you to quote and buy your professional indemnity insurance for image consultants in a matter of minutes. We can provide cover for public liability, employers liability and professional indemnity all from one simple to fill out on line procedure.

What limit of indemnity does an image consultant need for professional indemnity insurance?

The limit of indemnity you require under your policy is generally for you to decide based upon your own assessment of the exposures that you face in your business. It is worth bearing in mind that the costs involved in defending professional Indemnity claims can be astronomical so this needs to be taken in to account.

Claims made basis of cover rather than claims occurring basis.

It is important to understand that professional indemnity policies are written on what is called a ‘claims made’ basis. This means that they provide cover for claims made against you during the policy period (ie after the inception or renewal date) that relate to work that you have done at any time after the retroactive date.

What is the retroactive date under a professional indemnity policy for an image consultant?

Policies on a claim’s made basis should include a retroactive date to protect the policyholder against claims in respect of work undertaken prior to the current policy year. The retroactive date should coincide with the date you started trading or the effective date of your first image consultants professional indemnity policy. It is possible to arrange a policy with retroactive date of none, which effectively provides cover in respect of all previous periods.

How much is image consultants professional indemnity insurance going to cost ?

The cost of your image consultants professional indemnity cover will depend upon a few key factors including the exact nature of the work you undertake, your annual turnover, your previous experience and whether you have previously had any claims made against you.

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