Heritage Consultants Insurance

A customised insurance solution to protect your business.

In Australia, the expert advice of a heritage consultant carries important responsibilities as they find an appropriate balance between meeting the needs of a client and ensuring the interest of the heritage is not compromised. As such, these consultants may end up being legally exposed if things go wrong during one of the various heritage project stages, making them vulnerable to claims. FD Beck Insurance Brokers, an insurance broking firm based in Melbourne, VIC, provides heritage consultants insurance solutions with coverage that suits their needs.

Insurance Options for Heritage Consultants

Failure by a heritage consultant to provide the correct advice and guidance may result in a financial loss to their client or damage to the heritage structure. This may result in costly claims against the specialists involved. As a heritage consultant, you can help protect yourself and your business with both a professional indemnity and public liability insurance policy.

Professional Indemnity Insurance

Professional Indemnity (PI) insurance provides cover for claims made against you for alleged negligence or breach of duty arising from an act, error or omission whilst providing your professional advice or service.

If, for example, you provide erroneous advice during a design stage of a construction project that results in large financial loss to your client, they may file a claim against you. A PI policy may help you deal with the dispute and provide protection that covers the legal defence costs and compensation required to settle the matter.

Public Liability Insurance

As you or your employees provide consultancy services, you will be required to be out onsite conducting assessments, during which time you may accidently damage property or injure someone. A public liability insurance policy may help you and your business deal with liability claims made by third parties alleging physical injury or property damage caused in the course of your business' operation.

This insurance covers compensation for third party personal injury and /or property damage and legal costs incurred to defend or settle the matter.

Key Risk Exposures for a Heritage Consultant

The nature of your work exposes you to risks that have the potential to significantly impact your business. As a heritage consultant, the following services could potentially give rise to an insurance claim:

Prior to the purchase of a heritage building the heritage consultant provided incorrect pre-purchase advice on the implications of planning requirements and heritage constraints.
Incorrect pre-design advice for a client considering alterations and additions for a new development resulting in delays and the client having to revisit the drawing board with the architect.
During the design stage of a construction project, a heritage consultant provides incorrect advice and guidance on the suitability of the proposed design resulting in significant time delays and additional costs.
Incorrect impact assessment report for the development application resulting in development consent not being issued.
Inadequate technical advice during construction and conservation works resulting in damage to the heritage protected structure.

Secure a Custom Insurance Solution for Your Heritage Consultation Business

Offering heritage consultation services in Australia is not easy as you have to take great care when performing your duties. No amount of care makes you and your company immune to claims, so ensure protection for your business with an insurance policy package that covers your needs—something that FD Beck may help you with.

Get a quote now through our online quote calculator.

FAQ

How much is professional indemnity cover for a heritage consultant?

You may need a PI cover that lies somewhere between $500,000 and $5,0000,0000. As explained in this video, you’ll find that the actual number depends on the size of the business, the nature of the services that you provide and contractual requirements.

Are Australian heritage consultants required to have professional indemnity insurance?

It is FD Beck’s absolute recommendation that heritage consultants have Professional Indemnity insurance. So long as you provide professional advice, a PI policy will help cover you in case a claim is made. You can view this video that explains this topic in more detail.

Can you customise my insurance package based on my budget?

Yes, we can. Our company of qualifid insurance brokers will be happy to discuss this with you and create an insurance package with a reliable insurance provider. The custom package takes your budget into account while providing full insurance coverage for your business.