Contrary to what we often see in movies and soap operas, disputes do not always result in a drawn-out series of court battles. Such can be very expensive for all parties involved and is often more trouble than it is worth. As such, they often resort to a settlement facilitated by a mediation consultant.
Mediation consultants work to make sure that settlements proceed smoothly and follow the rule of law. As mediators, they have to ensure that compensations are fair and that the proceedings end with real conflict resolution.
Mediation consultants, however, may commit errors or be on the receiving end of allegations of a breach of professional conduct. This makes them potentially subject to a claim from by a third party. The Australian insurance brokering firm FD Beck can arrange mediation consultant insurance policies that will cover these professionals in the event of a claim.
Being a mediation consultant, you may find yourself in an arbitration process if a claim is made against you. You may keep your consulting business afloat and reputation intact with professional indemnity and public liability insurance.
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.
As a mediator, when providing consulting services to parties in conflict, you may encounter these risks in the process:
Getting two parties to agree on a settlement and making sure that conflict resolution works smoothly is a tricky job that may land you in a dispute yourself. However, you can protect your business with an insurance policy that fits your requirements in the event of a claim.
FD Beck’s professional insurance brokers understand the risks you face as you provide your services, and dealing with a claim may be costly on your part.
Let us help you arrange a mediation consultant insurance package tailored to your consultancy business in Australia.
Complete a couple of questions in our online insurance calculator and get an instant online quote today.
Sufficient PI cover for mediation consultants lies between $500,000 and $5,000,0000. The actual cost depends on various factors such as annual fees, number of staff and limit of indemnity required. You may refer to this video for more information.
You will find that mediation associations in Australia require their members to have PI insurance in place. In general, if you offer professional services for a fee, you will need a professional indemnity insurance policy as an absolute minimum. This video explains this subject in more detail.
Yes, we can customise an insurance package based on your required limit of indemnity. Our professional insurance brokers would love to discuss this matter with you so they can tailor your business insurance coverage according to your requirements.