Why choose Hensure for PI insurance
Personal Service
Our business is not a call centre, but instead provides a personal service and dedicated team to assist with your queries.
Experienced Team
Our team has a wealth of experience and knowledge to help you and your business get the most appropriate cover for your needs.
Online System
Our full 24/7 quote and buy facility allows you to run a personalised quotation, at a time that suits you and your business.
Why is professional indemnity insurance for transport and traffic consultants a hot topic?
As a Traffic and Transport consultant, you could provide a variety of services that come with an expectation of a certain level of professionalism and specialist knowledge.
Services could include:
- Road Safety Audits
- Transport Assessments
- Transport Statements
- Travel Plans
- Feasibility Studies
- Highways and Transportation ‘Site Appraisals’
- Preliminary / Detailed Designs of highway works
- Micro-Simulation / Junction Capacity Assessments.
If you were to make a mistake and give bad advice then this could lead to a financial loss for your end client, or in certain circumstances to members of the public being injured on the highways.
When things do go wrong you could be held to account for any circumstances that have occurred by way of legal action being taken against you. Traffic & Transport 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 in a matter of minutes. We can provide cover for public liability, employers liability and professional indemnity all from one simple to fill out, online procedure.
For more information on any aspect of professional indemnity insurance for transport and traffic consultants contact us here.
Things we look for
- Company Size – this will be one of the major factors that an insurer will look at when determining the price to charge for your insurance. This can be established in two ways, the gross annual income of the company and the number of partners/directors/employees.
- Qualifications and experience – insurers will be interested in understanding how much experience that you have in this particular profession. If you have less than five years’ experience, then they may wish to see a copy of your CV to ensure that you are comfortable with the risk.
- Type of work – insurers will want to know the split of your annual income derived from each discipline that you get involved in.
- Retroactive exposure – does the business have an exposure to claims arising from past work, whether in the current business or a previous company?
- Overseas exposure – does the practice carry out work for overseas clients? Underwriters will be particularly interested if you work for clients based in USA/ Canada, as this very often represents a bigger risk for the insurers due to the litigious nature of North American society.
- Claims experience – the claims experience is an important factor in the assessment of a risk. This information reflects on the type of work carried out by a company. It also reflects the quality of the company’s work, experience, staff & internal risk management.
Policy coverage
A typical professional indemnity insurance policy for Traffic and Transport consultants will normally cover the following areas:
- Breach of Civil Liability
- Negligent act, error or omission
- Negligence of sub-contractors
- Irrecoverable fees
- Bodily injury or property damage arising from breach of professional duty
- Defence costs
- Unintentional intellectual property rights infringement (other than patents)
- Unintentional breach of confidentiality
- Unintentional defamation
- Loss of third-party documents or data
- Computer virus transmission
- Court attendance costs
Your policy coverage may vary between insurer.
Insurance types
Professional Indemnity
- Professional Indemnity provides cover for claims that arise as a result of the work you have completed or advice you have given.
Public Liability
- Public Liability provides cover should members of the public receive an injury or property damage due to your work. This protects your business should a compensation claim be made, also covering any legal costs that result from this.
Employers’ Liability
- Employers’ Liability provides cover for compensation claims and associated legal costs, arising from employee injury or work-related illness.
Cyber Insurance
- Cyber Insurance provides support in the event of cyber-crime and unintentional data breaches, offering cover against the cost of revenue and fines.
Directors and Officers
- Directors and Officers insurance policies protect you financially against any claims that are made against you personally in your position as a director, partner or officer of your business.
Legal expenses insurance
- If you were involved in a legal battle, knowing that any money you spend on legal bills would be reimbursed could make all the difference. Legal expenses insurance does just that. It ensures that your business remains financially stable after a legal case by helping to compensate the business for incurred costs.
Contact us to find out more about the right cover for your business.
