Business Process Improvement Consultants Insurance in VIC AU

Professional Indemnity & Public liability insurance coverage for business improvement consultants in Melbourne, AU. Other Policies included!

Business Process Improvement Consultants Insurance

Companies trust the advice of a business process improvement (BPI) consultant when it comes to improving their efficiency. However, their recommended processes may sometimes leave customers dissatisfied, for which they may face costly claims. In such cases, these professionals may find protection in a custom insurance solution from FD Beck.

Insurance Coverage for Business Process Improvement Consultants in Melbourne VIC

In the event of a claim, you may rely on the protection of a professional indemnity or public liability insurance:

Professional Indemnity Insurance

Professional Indemnity (PI) insurance may protect you in cases of a claim made due to financial losses that your work may have incurred to your client. You may face such disputes, for example, if your process improvements resulted in lost profits. This liability cover includes compensations and legal expenses.

Public Liability Insurance

Public liability insurance (PL) protects you against legal disputes arising from property damage or personal injury your work may have caused to third parties, like when your processes caused damage to the property of your client or harm to their employees. This policy covers the resulting legal proceedings and compensations.

Other Insurance Products You May Need

You may further enhance the coverage for your BPI consultancy with the following:

Workers Compensation

This is a requirement if you have employees under your care. This protects you from your staff's possible claims when they get injured in the performance of their duties.

Cyber Insurance

Should your consulting services would face a claim against a data breach, you can deal with it through this policy.

Accident and Illness

This policy can provide a portion of your income until you could work again in your company.

General Asset Insurance Policy

A BPI consultant's equipment such as laptops may be expensive to replace. So that is why it is important to get them covered.

Personal Accident

Expenses resulting from injury or damage to your personal property may be covered by this policy.

Business Interruption

In the event that you or your employees would not be able to work because of some insured events that force your business to close, this policy may cover the losses or costs for income.

Risk Exposures for BPI Consultants in VIC AU

As a BPI professional, you are vulnerable to risks specific to your industry. Generally, the key risks are as follows:

Arrange A Policy With FD Beck Insurance Brokers

FD Beck understands the risks involved in your BPI consultancy business. Our team of professional brokers and insurers based in Melbourne and the greater Victoria area are more than willing to help you get a custom policy that works best for your consultancy.

Get a professional review or use our instant online quote calculator now.

FAQs About BPI Consultant Insurance in AU

1. What amount of PI cover is recommended for a BPI consultancy?

Depending on several factors, you will need somewhere between $500,000 and $5,000,000. You may refer to this video for more information.

2. Are all BPI professionals needed to get a PI policy?

No, but you are recommended to get a Professional Indemnity insurance policy especially since many clients require it. You can check out this video for more information.