Looking for great deals on liability insurance for a personnel consultant with instant low cost personnel consultants liability insurance in the United Kingdom. As a specialist liability insurance broker we provide you with on-line quotes from the leading insurers so that you can compare cover and premiums for your business insurance with our team of brokers on-hand to assist you with any queries you may have and help you to obtain our best price for your personnel consultants insurance.
Why does a personnel consultant need liability insurance?
As a personnel consultant you are exposed to the possibility of legal action being taken against you in respect of your legal responsibility for personal injury or property damage arising during the course of your activities. Claims in respect of these liabilities can be expensive to defend and even more costly if you are found legally liable. Your personnel consultants liability insurance is there to protect you against these losses by providing you with insurance in respect of awards made against you and the defence costs of any claim.
What sort of liability insurance does a personnel consultant need?
It is worth noting that businesses that provide professional services may also need to consider professional indemnity insurance as part of their liability insurance arrangements.
Quotes for personnel consultants liability insurance
How much does liability insurance for a personnel consultant cost?
The cost for liability insurance for personnel consultants is, as with all insurance, based upon the risk information received by the underwriter. These days liability insurance tends to be less costly than in recent years, but unusual factors such as work in hazardous locations will affect the premium you pay along with the number of people engaged in the business and whether you have previously had claims made against you.
How much liability insurance does a personnel consultant need?
The limit of indemnity is the maximum amount the insurer will pay our for a single claim, or in some cases the maximum amount they will pay out in a year. This limit is set by you based upon your requirements. Common limits under these policies are £1M, £2M £5M and £10M although other limits are available for personnel consultants . Choosing this limit you will need to decide how much cover you think you will require and this may depend on the type of work you undertake, but more commonly these days, the contractual requirements you work under such as requests for a certain limit from local authorities etc.. For employers liability, the statutory minimum is £5M although in practice policies are not issued with a limit of less than £10M, again higher limits are available upon request,
What is the excess on a personnel consultant liability insurance policy?
Many policies now offer the option to include further cover such as tools insurance, business equipment, personal accident insurance and legal expenses insurance. These policies are broadly referred to in the insurance market as tradesman insurance, although in all cases the public liability section of the policy is compulsory.