Safety consultant insurance

Insurance for safety consultants

Frustrating, isn’t it, when your safety advice sometimes falls on deaf ears? Because one thing’s for sure, if something goes wrong, you’ll soon hear about it.

And legal claims don’t just hit your bottom line hard they can damage your reputation too.

Our advice? Put the safety of your business first. Protect your good name and your bank balance, with safety consultants’ insurance.

Essential cover for safety consultants

• Why do safety consultants need general liability insurance?

  Your clients will most likely expect you to have a general liability policy in place before you start work for them. But it’s good to have if you visit a client’s place of work, or they visit you. Because you can be sued even if an accident wasn’t your fault.

  Medical care costs are rising and if a claim goes to court and gets drawn out, you’re looking at legal bills of 5 or 6 figures. Without insurance, how will you cover that?

  General liability insurance protects your business from the cost of claims for:

  • Injury to a person
  • Damage to someone’s property
  • Personal injury (slander or libel)

  Even if a case is groundless a general liability policy can pay for medical bills, your legal fees and compensation, too, if you’re liable.

• What does general liability insurance for safety consultants cover?

  So long as the claim’s filed in the United States, its territories, or Canada, general liability insurance covers claims for:

  • Third-party bodily injury – a slip, trip, or fall can cost thousands in medical bills, even for injuries that seem to be minor.
  • Third-party property damage – paying for repairs or replacements from damage caused by you, your full-time, or temporary staff can mount up, even if it was accidental.
  • Personal injury – He said. She said. Whether anyone said anything at all, claims of slander or libel can seriously damage your reputation. And the defense costs can seriously dent your bank balance.

  Click here for a full summary of what’s covered.

• How much does general liability insurance cost for safety consultants?

  The cost of general liability policies for safety consultants varies, depending on:

  • The size of your business
  • Its location
  • Your payroll cost
  • Your annual business income
  • Your coverage limit

  The higher your limit (the amount your insurer will pay out claims during the policy period) the more your policy costs. So choose your limit carefully.

  Just remember that attorneys’ fees, compensation and court costs can go through the roof.

  Try to imagine the worst-case scenario, then pick a figure you can realistically afford.

  And remember there are quarterly payment options available too. So you can spread the cost of your policy to suit your budget.

• Why do safety consultants need errors & omissions insurance?

  Because you offer a professional service. And that means your clients can sue you for negligence, whether you made a mistake or not.

  Say you did an OSHA compliance audit for a client. They ignore some of your recommendations and get slapped with a hefty government fine. What do you think happens next? Yeah, you guessed it: the client sues you.

  Now it wasn’t your fault, but you still have to defend yourself. And it’s not just the money that’ll cost you, it’s the time. Time which would be much better spent running your business.

  Even if a claim is groundless, errors and omissions insurance can hire you an attorney, pay your legal fees, and compensation, too, if necessary. Leaving you to get back to business, knowing you’ll still have one when it’s all over.

  Called E&O, for short, errors and omissions is also known as professional liability insurance. But what’s in a name? All that matters is it does the same thing – protects your name, your business, and your bottom line.

• What does safety consultants’ errors and omissions insurance cover?

  • Claims made against you for professional negligence, whether you’re at fault, or not
  • Claims arising from work you’ve done in the past
  • The cost of an attorney and your legal defense fees
  • Compensation, if you’re found liable
  • Claims made worldwide – so long as the claim is filed in the U.S., a U.S. Territory, or Canada

• How much does errors and omissions insurance for safety consultants cost?

  Our errors and omissions policies are designed for small businesses and start-ups. So there’ll be a price to suit your pocket, and you can pay in quarterly instalments if it suits you better.

  As for the amount of coverage you need, it’s best to over-estimate. Think worst-case scenario, then pick a figure you can realistically afford.

What other kinds of insurance do safety consultants need?