Public Relations Consultants Insurance

Arrange a customised insurance policy to protect your profession against possible future claims.

Public Relations Consultants Insurance

As a public relations consultant, you provide consultancy services in all facets of public relations. Your clients rely on you in strengthening relationships between their organisational brand and the public. As you provide professional advice, you open yourself up to potential risks, which can be mitigated with the help of an insurance policy.

You can arrange a customised insurance policy that fits your needs as a public relations consultant. FD Beck has a team of qualified insurance brokers in Australia that offer professional insights into the type of coverage you may need.

Why do public relations consultants need insurance?

As you represent your client to the public, you are potentially liable if things go wrong. This can possibly lead to a financial loss to your client, and if so you could be held liable for the costs, resulting in a claim being made against you. Having an insurance policy in place can help you cover the legal defence costs and other civil damages.

What insurance products does a PR Consultant need?

There are two main types of insurance for a PR consultant: professional indemnity insurance and public liability insurance (also known as Public & Products Liability). You can customise your policy according to the terms and level of coverage.

Professional Indemnity Insurance

PR Consultants professional indemnity insurance protects the consultant from allegations of breach of a professional duty, including an error or omission. As you provide professional PR advice or provide services, you could be sued if your client is unsatisfied or unhappy with your work which has resulted in them losing money. Your client could claim you were negligent in your services or that you made mistakes that caused them financial loss.

With Professional Indemnity insurance, you can cover compensation payments made against you for the financial loss incurred by you client including your legal defence costs related to the action.

Public Liability Insurance

Public Liability Insurance for public relations consultants covers claims made against your business for personal injuries that you have caused in the operation of your business. For example, this could be if you caused an injury to a member of the public while arranging a product launch. It can also be when your client or any third-party member visits your place of business. PL insurance can cover the compensation costs required to settle the claim with a third party and associated legal defence costs associated with the claim against you.

Public liability insurance can also cover claims made against your business for property damage you may have accidently caused. An example would be if an employee broke a valuable item whilst in the middle of a PR event. The claim to repair or replace that item may be covered by this insurance if your business is deemed to be liable for the damage.

Key Exposures for Public Relations Consultant

As a press relation consultant, you are vulnerable to a lot of potential risks. Here are some of the key risks:

Not providing effective marketing communication in time for a products media launch
Failure to organise and manage a corporate event
Media copyright and plagiarism
Damage to character and reputation - breach of confidentiality
Lack of careful research leading to miscommunication and misinformation for a promotional strategy
Use of unauthorised access of confidential information

Arrange a policy with FD Beck Insurance Brokers

FD Beck understands the unique risks involved in consultancy work. Our team of qualified insurance brokers who service Melbourne and the greater part of Victoria can provide you with valuable insights and recommendations with a suitable policy to fit your requirements. Likewise, we can customise your policy to include other business insurance policies.

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

FAQ

HOW MUCH PROFESSIONAL INDEMNITY COVER DO I NEED?

In general, public relations consultants’ Professional Indemnity insurance covers range between $500,000 to $5,000,000. The needs of your business may vary according to size, services, and other insurance factors. You can schedule an appointment with our brokers to get more advice on policy limits or alternatively refer to our blog “How much professional indemnity does a consultant need”.

DO ALL PR CONSULTANTS NEED PI INSURANCE?

In general, rendering paid professional services to clients makes you open to potential claims. It is better to get insurance coverage to have peace of mind if you need to deal with a legal against you or your business. In Australia, some clients may even require by way of a contract with a client to have professional indemnity insurance. For more information read our blog “Who needs Professional Indemnity Insurance in Australia and Why?”

I HAVE A BUDGET FOR PUBLIC RELATIONS CONSULTANT COVERAGE. CAN YOU CREATE A PACKAGE BASED ON MY BUDGET TO ENSURE SECURITY?

Yes, we have insurance brokers who can guide you through the whole process and personalise your policy.

IS THERE A WAY FOR A NEW QUOTE TO BE PROVDED ONLINE?

FD Beck offers an easy to use insurance calculator available on our website to quotes premiums for a range of products such as PI, Public & Products Liability, Management Liability and Cyber Insurance. . Whether it’s business or personal insurance, we can arrange a policy for you.