Professional Indemnity insurance provides essential financial protection for Management Consultants against potential losses arising out of acts, errors and omissions from a wide variety of professional services provided – including those related to business improvement processes, organization and management structures, marketing strategies, corporate image or financial advice.
Key Exposures
- Misrepresentation as to capabilities / outcomes
- Resultant dissatisfaction from clients
- Fraud and dishonesty
- Timeliness of advice / services
- Confidentiality
- Conflicts of interest
- Lack of appropriate due diligence / thoroughness / skills for engagement
Newline Australia provides a tailored Management Consultants Professional Indemnity insurance policy based on a broad civil liability wording.
Capacity
Up to AUD$25 million
Capacity Use
Primary Layer; Excess Layer; Co-insurance
Coverage
Worldwide (typically excluding North America)
