Management consultant insurance

Secure management consulting insurance quickly and without fuss. We're simply-priced, flexible and upfront.

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Professional indemnity insurance for management consultants UK
Professional indemnity insurance for management consultants UK
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Instant cover
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Pay monthly
The problem

Management consultants face many risks

Contract non-compliance

Most contracts you will engage with as a management consultant will stipulate you must have and show proof of professional indemnity insurance. That applies even after your finish your contract.

IR35 enquiries and unpaid invoices

If you contract via your own limited company, you may be exposed to IR35 enquiries from HMRC.

Unpaid invoices and contract disputes

Independent management consultants can face unpaid invoices and contract issues.

Accusation of causing a financial loss

Independent management consultants can face unpaid invoices and contract issues.

Management consultant insurance UK

You need management consultant insurance that provides competent legal protection for claims arising during and after client work delivery

the suited way
Insurance made better

Self-employed insurance done fast, clear and upfront.

Management consultant professional indemnity insurance
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More flexible

Make changes instantly, easily and for free.

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No extra fees

We give you one price, no APR or hidden extras.

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Go retroactive

Include retroactive cover to insure previous work.

Holiday umbrella.
Holiday mode

Pay less when not working by hibernating your PI cover.

A plus rating.
Top insurers

Be confident knowing your cover is backed by trusted UK insurers.

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UK support

Get help when you need it from our Bristol based team.

Covers to consider

How much does management consultant insurance cost?

Choosing the right insurance for you depends on the size and nature of your business. Key insurance covers management consultants should consider include:

Self employed professional indemnity insurance
Professional indemnity

from £7.41 per month

Provides you with legal defence against claims of professional mistake or negligence causing a financial loss to your clients.

Up to £2,000,000 cover

Zero excess

Dedicated legal team

A+ insurer

Competitive prices

Self employed professional indemnity insurance

Professional indemnity

from £8.63 per month

Provides you with legal defence against claims of professional mistake or negligence causing a financial loss to your clients.

Up to £2,000,000 cover

Zero excess

Dedicated legal team

A+ insurer

Competitive prices

Self employed public liability insurance.
Public liability

from +£4.76 per month

Protects your business against claims of causing an accidental injury or property damage to either your clients or a third party.

Up to £2,000,000 cover including products liability

No excess

Expert legal team

A+ specialist insurers

Covers claims against your client caused by your business

Business equipment insurance.
Electronic business equipment

from +£9.24 per month

Pays for repair or replacement if your portable electronic equipment (and accessories) get damaged or lost.

Equipment up to £10,000 cover (£3,500 per item)

Accessories are included (£500 per item)

Hired equipment is covered

Worldwide - your devices are covered anywhere you are

Personal accident insurance.
Business owner protect

from +£10.07 per month

Reimburses your taxable business expenses while you’re recovering from a serious illness or injury.

Up to £2,000 a month

Up to 6 months following the first 30 days of illness

Any tax deductible expenses included

Receive a lump sump payout if you suffer an accident leaving you with partial or total disablement:

£5,000 lump sum

Fast customer service

Quick payout

Answer 4 questions then select the policies and limits you need.
Answer 4 questions then select the policies and limits you need.
What people say
2 March
Extremely impressed

Extremely impressed with the professional and supportive service I received.

Kellie Williams
on Google
16 February
Very efficient

After shopping around for business liability cover, I found suited, I had a few questions and Jana from suited was very efficient...

on Trustpilot
14 February

The website is easy to use and the process is intuitive, clear and easy to follow.

Matt M
on Trustpilot
11 February

I was recommended Suited, because I’d been stalling. Simple to use website, offered clear, concise information and selection...

on Trustpilot
12 December

Really fantastic service by the suited insure team! Always found the insurance side to be a bit confusing but the team took me...

Michael Ryan
on Google
15 September

A simple and flexible service for what I required. Great communication from start to finish.

Matthew Allen
on Google
1 August

I was looking for business insurance this easy to use and very well explained web site made the process simple and painless. Had a quote...

Piers Field
on Trustpilot
Legal Expenses
Included as standard

With every policy subscription we also include Business Legal Protect. This means from the moment you sign up you gain immediate access to extra support services.

Commercial legal expenses insurance.
Business legal protect

Cover of £100,000 commercial legal expenses included with your policy subscription.

Protects you and your business against a range of issues not typically covered by professional indemnity or public liability.

IR35 & HMRC investigations

Legal matters concerning your business

Negative PR (£25,000 cover)

Criminal prosecution

Compliance & regulation issues

Unpaid invoices (over £200)

Also includes free telephone advice & help from qualified professionals.

Tax and commercial legal advice

Counselling for you and your staff

Access to a legal template library

Identity theft assistance

In detail

Why is insurance for management consultants important?

As a management consultant, you need to be an agile thinker who can provide quick solutions to your clients changing needs. But, despite your hardest efforts, sometimes briefs can go awry, and the client may not feel that your work has yielded the expected results.

When this happens, your client will want answers. These discussions can get heated in no time and can lead to disputes over money and compensation – costs that can harm you and your business and cause undue stress and financial worries.

Your reputation is everything, and clients will trust you based on your flawless track record and referrals received from other satisfied clients.

If someone challenges this and incorrectly accuses you of wrongdoing, clearing your name can be an exhausting and expensive process which can not only cause financial worries, but can distract you from your work and cause a knock-on effect of displeased clients.

Professional indemnity insurance for management consultants

Keeping you one step ahead of any such dispute, professional indemnity insurance (PI) is legal cover for management consultants which provides legal assistance and covers any associated expenses should you find yourself defending your case. It will also pay any compensation if you are found to be liable.

Whether you work as a contractor or run your own business, professional indemnity insurance acts as the safety blanket between you and a business-busting fine.

It responds to accusations from unhappy clients regarding professional misconduct, negligence, duty of care breach, mistakes, confidentiality breaches and more.

And it’s not just the financial protection that management consultant PI insurance offers. Being in a challenging situation with a client can bring a lot of stress but knowing that you have a legal team behind you at all times dealing with the problem, can be life saving.

Do management consultants need public liability?

If part of your job is visiting clients and carrying out work at their premises, or if you engage with their property in any way, you will want to make sure your livelihood is protected with public liability insurance.

Providing an even stronger level of support, public liability insurance will protect you against accusations of causing an accident leading to an injury or property damage. This is the case for causing any kind of damage or injury while out and about in the course of your business but also at your own premises if you have any.

Be aware that if you employ staff, you will need employers’ liability insurance by law.

What does business insurance for management consultants cost?

It is surprisingly inexpensive to protect yourself with professional indemnity and public liability insurance. With Suited it only costs a few pounds a month.

That is a great value if you consider the cost of an hour with a solicitor to discuss a potentially litigious situation with a client. And it is rarely possible to squeeze the entire discussion in one hour. Needless to say that if a conflict develops, the legal costs will far exceed what you’d have ever paid for liability insurance.

Suited also includes free and unlimited access to a number of telephone helplines that can assist with matters such as legal issues or tax enquiries. There is also counselling, identity theft and negative PR help, should you ever need it.

In this section

Common questions

Can I cover my past work with Suited professional indemnity insurance for management consultants?

Yes. When arranging cover, select the retroactive date during the insurance online application process to when you’d like to be covered from.

I will need proof of cover. Does Suited provide it?

Once you have arranged your insurance with us, you will have instant access to your policy documentation through your customer portal.

Can I cancel my professional indemnity insurance without cost?

With Suited you can but we also offer a hibernation option if you’d like to stay insured for any past work for a certain period of time.

What if I need to change my cover or my details?

You can do so yourself from your customer portal or you can give Suited a call and we will be happy to help. It’s all free of charge.

Contact us
Prefer to speak?

Call us with any questions or queries. Our Bristol based team is available from Monday to Friday and answers straightaway.

Monday-Friday, 8:30am to 5:30pm

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Once you buy
If your plans change

No problem, Suited uses a simple subscription model making it easy to walk away.

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14 day promise *

If you call to cancel within the first 2 weeks we’ll give you a full refund.

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Easy to cancel

No longer need us? Cancel anytime, no more to pay.

* 14 day promise is not available online, please speak to a member of staff. Not available if you have reported a claim.

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