Insurance for Professional Services & Consultants
When your business is built on advice and expertise, even small mistakes can have big consequences. Insurance protects you from the fallout of human error, misunderstandings, or things outside your control.
Common Risks
- Giving incorrect advice that costs a client money.
- Breach of confidentiality or data security.
- Injury to visitors at your office.
- Damage to client property during site visits.
- Disputes over project delays or missed expectations.
Covers You Might Need
Professional Indemnity
Covers you if your advice or service causes a client to lose money. A consultant misinterprets a brief, leading to a costly marketing error — the claim is covered.
Public Liability
Protects you if someone is injured or their property is damaged due to your business. This could be as simple as a client tripping over a power cord in your office.
Cyber Insurance
Covers data breaches, hacks, and cyber incidents. For example, if client information is stolen from your email account, it helps cover recovery costs and potential legal action.
Management Liability
Protects directors and managers from legal claims. This includes disputes from employees or breaches of regulations.
Property Insurance
Covers your office, contents, and equipment. Even a burst pipe in the office could mean thousands in repairs.
Why Work with Luma
We speak your language — no legal jargon, no mystery fees, just the right cover for the way you work.
FAQs
Is 'Professional Indemnity' just a fancy way of saying 'oops'?
Pretty much! In the professional world, an “oops” can be expensive. If you give a client advice that accidentally costs them money, or you miss a deadline that causes them a loss, they might come after you for the bill. Professional Indemnity covers your legal fees and the cost of making things right. It’s basically a safety net for your brain.
I work from home—do I still need Public Liability?
If a client ever visits you for a coffee, or if you head out to their office or a local cafe for a workshop, then yes. If they trip over your laptop charger or you accidentally spill a flat white over their $3,000 MacBook, you’re liable. Public Liability is usually the cheapest way to make sure a small trip doesn’t become a big financial fall.
Does 'Crop & Livestock' cover me for everything?
Hackers actually love small businesses because they often have weaker digital locks. If your email is hacked and your clients’ private data is leaked, or if you get locked out of your files by ransomware, the recovery costs are massive. Cyber Insurance helps you get your data back and handles the legal mess of notifying your clients.
Do I really need Cyber Insurance if I’m just a small consultant?
Professional Indemnity (PI) covers the work you do for clients. Management Liability covers the way you run the business. If an employee makes a claim against you, or if there’s a dispute regarding your duties as a director, Management Liability is what steps in. PI protects your craft; Management Liability protects your seat at the desk.