Image Consultants Insurance

Arrange a suitable insurance policy to protect your consultancy work

A certain level of professionalism is expected from image consultants. As you provide consultancy services, your clients rely on your specialist knowledge, therefore if things go wrong, you may be held accountable for resulting financial losses.

Having a suitable insurance policy may mitigate the effects of a legal action. With FD Beck, you can arrange an image consultants insurance policy to help protect your profession from possible claims.

Types of Insurance that Image Consultants Need

FD Beck understands the insurance needs of professional consultants. Especially for an image consultant, because there are specific risks involved. We can assist you in arranging an insurance policy that may cover financial losses and legal defence costs following a client claim against your business.

Professional Indemnity Insurance

The advice and services you provide to your clients can give rise to a professional liability. In the event a client makes a claim against your business for a breach of professional duty, it may materialize into a legal action that can be financially detrimental.

Image consultants professional indemnity insurance policy protects you from such claims for losses suffered by your clients as a result of your negligence. It may cover legal defence costs to defend the claim, as well as compensation and damages payable in order to settle the matter.

Be mindful that there is no standard Limit (also know as Limit of liability) for Professional Indemnity insurance, therefore as part of arranging cover consideration needs to be given to what Limit of Liability you will need. You may want to do an assessment of the risks you face in your consultancy work, including considering the probability of claims or the number of claims.

Public Liability Insurance

Public Liability Insurance for image consultants protects you from claims being made against your business where your negligence has resulted in either personal injury or damage to property sustained by third parties during the course of your work.

As you visit your client or alternatively if a client visits your place of business, you have a legal liability for incidents that could potentially cause third party injury and/or property damage. Public liability insurance may cover not only the legal defence costs in managing a claim, but also the claimants demands for compensation, or the cost of replacement or repair of the damaged property.

Key Exposures that Image Consultants Face

Like all those who provide professional consultation services, image consultants also face several risks that could potentially lead to legal actions.Like all those who provide professional consultation services, image consultants also face several risks that could potentially lead to legal actions.

Negligence in professional services that may result in a negative impact on client’s image
Incorrect advice that may result in financial loss to the client
Breach of trust and confidence, including misinformation
Incorrect promotion of client's image through social media, magazines, newspaper or other media platforms
Misrepresentation of clients in publicity campaigns or marketing events

Arrange an Image Consultant Professional Indemnity Insurance policy with FD Beck

We understand the risks involved in the consultancy work you undertake. A mistake on your part does not only affect your reputation but potentially your financial situation as well.

With our network of insurers in Australia, we can go over your key exposures and arrange an image consultant’s insurance policy that meet your specific requirements. If you’re not sure of the level of indemnity cover you require, we can offer you insights and recommendations. If requested, we can also assist you with other general liability insurance policies.

Explore our online form to request insurance quotes.

FAQ

HOW MUCH PROFESSIONAL INDEMNITY INSURANCE COVER DO I NEED AS AN IMAGE CONSULTANT?

It depends on the level of coverage you require. Image consultants professional indemnity insurance covers a range between $500,000 to $5,000,000. The needs of your business may vary according to size, services, exact nature of work, and other specific factors. To get more advice about policy limits you can also refer to our blog “How much professional indemnity does a consultant need”.

ARE IMAGE CONSULTANTS REQUIRED TO HAVE PROFESSIONAL INDEMNITY INSURANCE?

Professional Indemnity insurance is mandatory for some professions in Australia. Some clients may even require image consultants and other professionals in the consultancy industry to have professional indemnity insurance, especially professions that deal with customers in a personal manner. For more information you can also refer to FD Beck’s blog “Is professional indemnity insurance compulsory or a legal requirement?“

IS THERE A WAY I CAN GET A QUOTE ONLINE?

FD Beck offers an easy guide to getting the right policy for you or your business. We also have an insurance calculator available on our website to show you various quotes information on insurance coverages.

I HAVE A BUDGET FOR IMAGE CONSULTANTS PROFESSIONAL INDEMNITY INSURANCE. CAN YOU CREATE A PACKAGE THAT SUITS MY BUDGET?

Yes. FD Beck Insurance can guide you through the whole process and customise your policy within your budget.

WILL MAGE CONSULTANTS PROFESSIONAL INDEMNITY INSURANCE COVER CLAIMS MADE BEFORE THE POLICY STARTS?

If your company or business previously had any claims, your insurance may have a retroactive effect based upon what you had placed in your policy.