Waste Management Consultants Insurance in Victoria, AU

FD Beck offers insurance solutions tailored to you waste management consultants in Melbourne and the entire Victoria AU. Get a quote today!

Waste management consultants offer invaluable services that keep waste from posing significant health and environmental hazards. They are also environmental consultants that make sure that their commercial clients are operating in line with the authorised and regulated waste management laws while remaining competitive in the market.

As it is, managing waste is complex and depending upon the job may include expert knowledge of chemistry, physics, and mechanical engineering. Given the complex nature of the work, consultants are potentially exposed to mishaps and errors.

Such errors may be detrimental to a client, and as a waste management consultant, you will likely face claims for compensation. You can, however, protect yourself from the cost of legal action through an adequate waste management consultant insurance solution.

The Types of Insurance That Waste Management Consultants Need in Melbourne AU

As a waste management specialist, the services you provide can directly affect your client’s waste management practices. It’s likely you will also have to conduct site visits that potentially leave you exposed to mishaps resulting in personal injury or property damage. In other words, your actions may cause losses to your client, and you could be at risk of claims alleging breach of professional duty. To adequately protect yourself and your consulting business, you need public liability insurance and a professional indemnity insurance policy.

Professional Indemnity Insurance

If you've completed consulting work that resulted in a financial loss to your client as a result of a professional breach, they may as a result lodge a professional indemnity claim against you. Professional Indemnity insurance is your protection against a third-party claim for losses incurred while you are conducting your professional services.

For example, in the event you fail to help a client design a waste management system that falls in line with EPA regulations they may suffer significant cost blowouts. With a professional indemnity insurance policy, you get professional liability coverage, to cover the costs associated with third-party compensation claims as well as legal defense costs.

Public Liability Insurance

As your operation will likely involve site visits and construction work, you or your team might end up causing physical injury or property damage while you are on-site. For instance, while conducting a waste management site survey you accidentally damage the property of the adjoining landowner.

The aggrieved party may then lodge a claim against your business for the cost of the damaged property. A public liability insurance policy may help you deal with this dispute and may cover the costs involved in the ensuing litigation.

We understand that choosing the right insurance cover can be complicated. But with the expertise of insurance brokers at FD Beck Australia, we’ll help you choose a policy tailored to your requirements.

Start protecting your business today. Get a quote from us.

Key Exposures for Waste Management Consultants

Waste management consultants are expected to have a high degree of technical expertise and know how to improve their clients’ waste management systems. This makes their business exposed to the following risks of claims:

Safeguard Your Waste Management Consultancy Business with a Custom Insurance Policy

Poor waste management advice may cost your client dearly, and they are within their rights to lodge a claim against you if they suffer a direct financial loss.

FD Beck understands the risks in consultancy businesses. We know that dealing with claims can be a huge burden on your part.

Our insurance brokers can help arrange custom insurance solutions for your industry to give waste management consultants appropriate protection from professional indemnity claims.

Discuss your requirements with us or request a quote using our free insurance calculator today.

FAQ

What amount of professional indemnity cover can protect waste management consultants?

An amount of professional indemnity insurance cover between $500,000 and $5,000,000 can sufficiently protect consultants, as explained in this video. The actual amount may dependent on a range of factors, such as the type of clients you work with, the size of your contracts, the number of staff you have, and insurance clauses that may be contained in contracts you sign.

Are all waste management consultants in Australia required to have a professional indemnity insurance policy?

Not necessarily, whether or not consultants are required to have professional indemnity insurance policies largely depends on your area of specialty and the insurance clauses in client contracts. In any case, professionals and environmental consultants will need PI insurance if they offer expert services for a fee and are a member of a professional regulatory body. See this video for your reference.

If I have a budget set for insurance, can you build a professional indemnity insurance policy based on it?

Yes, we can. We have professional insurance brokers who would love to talk to you about your budget and your business requirements. We can create an appropriate public liability or professional indemnity insurance solution based on your input.