Insurance For Independent Consultants

Insurance For Independent Consultants

    • Trusted by thousands of Professional Consultants throughout NZ
    • 100% claims paying record
    • Buy now and get your certificate immediately

Insurance for Consultants

... and penalties Extortion payments PR and crisis management for your consultancy How much does insurance for consultants cost? Like many consultants, you probably want to know exactly how much it will cost to insure your ...

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Insurance for IT Professionals

... independent IT contractors insist their contractors hold PI insurance before considering them for a contract. Professional Indemnity insurance ... you, while our dedicated claims consultants keep you informed every step of ...

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Employers Liability Insurance

... which are also involved with the process.Independent feedback from our customers rated our service ... won't bore you with jargon We're not fans of complicated insurance speak, so we talk to you in plain English. If you ...

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Insurance for Education Consultants

... Tailored policies to suit your profession needs Buy online instantly- no paperwork required Why do Education Consultants Need insurance? Your client's put their trust in your knowledge and experience when it comes to ...

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Insurance for Recruitment Consultants

... process, no forms to fill in, get covered in minutes Why do Recruitment Consultants need Business Insurance? Insurance for recruitment consultants is there to provide protection against potential claims for a breach of ...

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Customer Spotlight: TwoBlackLabs

... protection services, Founder and Principal Consultant Caroline Carver established TwoBlackLabs in 2017 ... can continue, and my family are not impacted. Insurance allows me to meet my contractual obligations with certain ...

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Cyber Insurance - Is it worth it?

... Like the Australian case of the sports drug testing consultant who left his laptop at a sports ground. He ... Business Interruption policy.This is where Cyber Liability insurance provides cover. Cybercrime is a real threat. ...

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What is Business Insurance

... business. I was very impressed. Precious C. Education Consultant Easy to use and easy to understand! Highly ... how to get in touch with one of our business insurance professionals. You can also access quick links to our ...

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Insurance for Allied Health Professionals

... quick. Thank you. Kharli H. Education Consultant Easy instructions and customer friendly Johnnie F. ... out how to get in touch with one of our business insurance professionals. You can also access quick links to our self- ...

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Top Digital Marketing Tips For Contractors

... online marketplace. Whether you're a managing consultant or an IT wiz, digital marketing is ... how you are protecting your business for the long run. Business insurance is something that doesn't need to be complex or full ...

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9 Ways To Grow Your Design Business in 2023

... options of your design skills. Consider becoming a consultant Offering your expertise on all things design is another ... So when it comes to getting your design insurance policies for your design business sorted get in ...

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Business Insurance FAQs

... needed to make a potential claim, a drama no business owner wants to be faced with! It's no secret that insurance can sometimes be a bit confusing and like a language of its own right? We don't believe in using jargon ...

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How To Become An Independent Contractor In NZ

... to you, read on to find out how to become an independent contractor in New Zealand, how to reduce your risk via business insurance such as contractor insurance and what lies ahead for your career as a contractor. Why ...

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Statutory Liability Insurance

... are permitted to be paid at law.Independent feedback from our customers rated our service at excellent. What does Statutory Insurance cover? Statutory Liability insurance is there to provide the financial protection ...

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Insurance by Industry

... Psychologist Real Estate Agents Recruitment Consultants Retailer Shop Owners Tradesmen Travel Agents and Tour Operators Yoga Teachers Protect your business today. * * As with any insurance, cover will be subject to ...

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How much does Public Liability Insurance cost?

... professional occupations, such as IT consultants, engineers and other consultancy occupations, ... of cover amongst our New Zealand customer base for Public Liability insurance is $1 million, however there is the option to ...

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What does Public Liability Insurance Cover?

... of a claim? How do I make a claim on my insurance policy? Need to make a claim? No dramas! We're here ... the insurer for you, whilst our dedicated claims consultants keep you informed every step of the way. Alternatively ...

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Public Liability Insurance

... in your line of work could be costly. Public Liability Insurance allows you to cover yourself if, and when, you do ... with the insurer for you, while our dedicated claims consultants keep you informed every step of the way. ...

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Insurance for Shop Owners

... why there isn't a stock-standard price of business insurance for shop owners. When calculating the price of your ... the insurer for you, whilst our dedicated claims consultants keep you informed every step of the way. ...

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What is Professional Indemnity Insurance?

... costing you an arm and a leg! What does Professional Indemnity insurance cover?* There's a lot that could go wrong when ... PI with Public Liability cover. Management Consultants Accountants & Tax Agents Real Estate Agents ...

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Insurance Options for Retailers

... store or a bakery, there is always the potential risk for things to go wrong. Having the appropriate retailers insurance in place to protect your retail store is a smart move when it comes to managing the risk of your ...

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How Cyber Insurance Protects Small Businesses

... in exchange for a release of the information or a return to service. Let's take a look at Cyber Liability insurance * and how it can help to protect your small business from some of the unwanted challenges of the online ...

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Insurance for Photographers

... our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service portal, where you can download your Certificate of ...

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How Accountancy Insurance Protects Your Business

... your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. © 2023 BizCover ...

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How Insurance Can Protect Landscape Architect

... architects put safeguards in place to protect their businesses. One way to do this is through business insurance. Insurance is essential for any business, and landscape architecture is no exception. Here are some of the ...

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Business Insurance Health Check Part 2

... . In part two of our series, we look at how you can ask a few questions and give your policies a business insurance health check. Catch part one of our two-part series here to get all the tips and hints from part of our ...

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Managing Your Business Insurance During Inflation

... tip of most business owners lips and is the driving force behind changes like the increased costs of living. Business insurance isn't exempt when it comes to the impact of inflation, and in our quick guide we take a look ...

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Insurance for Sole Traders

... our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service portal, where you can download your Certificate of ...

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Insurance for Carpenters

... our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service portal, where you can download your Certificate of ...

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What does business insurance cover

... to our friendly team to get a quote. Get more information Find out more about all thing business and insurance with our blog. These are some articles that may help provide some tips and tricks when it comes to running ...

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Insurance for Immigration Advisers

... due to theft, fire and other perils listed in the wording, anywhere in New Zealand. FAQs How much does insurance cost for immigration advisors? There isn't a one price fits all when it comes to immigration advisors and ...

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Insurance for Bookkeepers

... We know you are always busy helping your clients, therefore we made it easy for you to arrange your business insurance - just a few clicks and one phone call, you have your policy documents emailed to your inbox. Did you ...

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Tradie Guide to Public Liability Insurance

... may be a mandatory requirement in order to obtain your trade licence. You may need to hold Public Liability insurance to access and perform trade work on certain building sites. If someone is injured as a result of your ...

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What Is Inside A Business Insurance Pack?

... in making the process to get your cover sorted easy and simple, with no-dramas! Visit bizcover.co.nz and get insurance for your small business without the stress so you can get on with your day. Get on the phone and give ...

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Insurance for Psychologists

... our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service portal, where you can download your Certificate of ...

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Insurance for Counsellors

... business is being looked after too. That's why it is vital to spend time understanding what kinds of business insurances can help safeguard your business for the long run, and which ones may be even a requirement in some ...

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Insurance for Mechanics

... personal data online, runs the real risk of being compromised if a cyber attack were to occur. Cyber Liability insurance is there to provide a safeguard in the event you were a target of a cyber crime, giving you some ...

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Business Insurance

... check on coverage. How do I make a claim on my insurance policy? Need to make a claim? No dramas! We're ... the insurer for you, whilst our dedicated claims consultants keep you informed every step of the way. Alternatively ...

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Tool and Portable Equipment Insurance

... , buckets, vacuums, cleaning products Consultants From advertising gurus to translators, ... our simple guide takes a look at some of the key kinds of insurances you need to think about as a New Zealand tradie. https://www ...

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Business Interruption Insurance

... business you run and the services you provide Your annual turnover The number of staff employed Your history of insurance claims How much cover you want or need Comparing quotes can help you get an accurate idea of how ...

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What is Public Liability Insurance?

... bit of cash by not purchasing the right amount of Public Liability insurance, or worse, didn't have any at all. If the risk ... then you need it. For example: Consultants/Contractors/ Tradespeople who work from home or visit ...

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Reviews related to Insurance For Independent Consultants

  • It was so easy and great time saver, prompt delivery to obtain the Public Liability and Professional Indemnity I require as an Occupational Health and Safety Consultant and Practitioner. Other quotes took well over a week to come back to me. Definitely r

    Patricia Copp
    Consultancy Occupations

  • Compared to the other quotes I was getting and poor customer service I was dealing with, BizCover were friendly and helpful, patient as I said I wasn't ready yet due to waiting for other insurance brokers who were terrible, BizCover kept trying to call bu

    Layla Dowthwaite
    Consultancy Occupations

  • I did fill this in before - don't know what happened to it. I thought the on-line service was good. The real proof about the value of any insurance product though is what happens when you have to claim!

    Alison McDonald
    Consultancy Occupations

  • Nice and fast, but not immediately obvious where to download insurance certificate.

    Charles Brooks
    Consultancy Occupations

  • It was easy and fast to attain.

    Jason Te Kare
    Consultancy Occupations

  • I loved being able to do everything online

    Dory Connor
    Consultancy Occupations

  • very easy to renew policy, no dramas or hold-ups. I didn't have to waste my time with petty details.

    Andrew Barrell
    Other

  • It was a very sttaightforward process

    Knut Stoyl
    Consultancy Occupations

  • Easy to understand and purchase, great experience

    Greg Campbell
    Consultancy Occupations

  • Answered all my questions, helpful, and followed up my online enquiry efficiently.

    Jan Broadley
    Consultancy Occupations

  • Simple, effective, quick, liked the compare feature

    Andy Dick
    Consultancy Occupations

  • Efficient service with reminder notice well in time, when my cover was due to expire.

    PAMELA HARVEY
    Consultancy Occupations

  • Fast efficient and user friendly

    Brett Stansfield
    Consultancy Occupations

  • It was quick & I had my questions answered promptly The only issue was understanding the accent of the person I was speaking to

    Jane Gresham
    Consultancy Occupations

  • The man who phoned and chatted to me was super knowledgeable and very friendly. He was able to answer every question I had on the spot without delay or referring me to anyone else - this never happens!

    Donna Swart
    Finance and Mortgage Broking

  • Easy to purchase. Good follow up and email reminder. Price Is good.

    Gabriel Molina
    Other

  • I recommend bizcovers simple and straightforward system for obtaining professional insurace online

    Alison Davies
    Consultancy Occupations

  • Easy and affordable. Friendly customer service rep.

    Ian Leader
    Consultancy Occupations

  • The person assisting me was helpful and called back when he said he would

    LINDA BLUM
    Consultancy Occupations

  • Online was straight forward and quick. The call I made addressed my needs and gave me a solution to my issue. Liked getting options and pricing was competitive

    Megan Curry
    Consultancy Occupations

  • Good reminders easy to renew online

    Rob Small
    Other

  • They have competitive pricing but when selecting your insurance product you are completely on your own as the consultants do not provide any advice or recommendation regading the suitability of cover. That is of some concern if the kind of work you do isn

    Monique Princen
    Information Technology

Did you Know?

To become a sole trader in New Zealand, you must have:

  • A personal IRD number for paying income tax and GST
  • Relevant government licences and permits that your business may require
  • Qualifications or registrations for your trade or profession.

You will also need to advise Inland Revenue that you’ve become a sole trader and you’ll need to register for GST if you earn over $60,000 a year.

Source: https://www.business.govt.nz/getting-started/choosing-the-right-business-structure/becoming-a-sole-trader/

Insurance for Consultants

Consultants working in all industries should consider insurance to safeguard their livelihood against the unique and commonplace risks they may face on the job. With so many new and emerging types of consultancy roles it is important that you understand the types of risks your business may encounter, even if you take all the measures in the world to keep it safe.

Insurance for management consultants*

Management consultancy is a growing area of expertise within the consultancy field. With a shift in the way that many businesses are now directing and running their businesses the demand is growing for more management consultants.

While you may be a management consultant who operates from home or visits your clients out on the road, ensuring you have the right business insurance in place are vital. Professional Indemnity insurance* is one of the main types of insurances you may need to consider, as well as Public Liability insurance* and Business Insurance*.

Professional Indemnity insurance* is something you may want to consider having in place before uttering those first words of management consultancy advice, a claim from a client without it could accidentally land you in hot water, a risk no small business owner wants to risk.

Professional Indemnity insurance may be a requirement if you work on certain contracts, and if you are a member of certain industry board or council you may also need to have a certain level of Professional Indemnity insurance in place. It is always a wise idea to check what level of coverage you may need when arranging your management consultancy Professional Indemnity insurance. Many consultants consider these and other policies:

Professional Indemnity

Giving advice or providing recommendations doesn’t come without risk. That’s why Professional Indemnity (PI) insurance is designed to provide the essential financial protection you need as a Consultant, to safeguard your business for claims made against you if you make a mistake, or are perceived to have made a mistake. After all, your business is your livelihood, so protecting it is paramount.

Our comprehensive Professional Indemnity insurance covers a broad range of consultancy occupations, including:

  • Advertising
  • Agronomist
  • Communications consulting
  • Compliance
  • Conveyances
  • Corporate
  • Fire and Safety
  • Forestry
  • Funeral Directors
  • Geological
  • Horticultural
  • Human resources / training services
  • Marketing / public relations
  • Marriage Celebrant
  • Mediators
  • Mineral Industry
  • Organisational structure & change management
  • Public relations
  • Risk Management
  • Strategic business planning
  • Title / Legal Searchers
  • Translator
  • Workflow processes & procedures

What is covered?

Professional Indemnity insurance is designed to protect your assets, your bank accounts, and your professional reputation. These policies typically do this by covering the costs associated with a claim, including:

  • Legal expenses, such as costs related to your legal defence, court attendance, and responding to disciplinary inquiries
  • Costs associated with formal and informal investigations of the claim
  • Damages awarded to the claimant
  • Public relations

PI policies usually cover the following events:

  • Providing negligent or misleading advice
  • Breaches of duty, such as confidentiality and other privacy issues
  • Defamation, libel or slander
  • Intellectual property and copyright infringement
  • Loss or damage to client documents
  • Bodily injury or illness caused by the professional services covered under your policy

What is not covered?

Professional Indemnity includes many important protections for consultants. However, it typically does not cover the following:

  • Intentional damage
  • Any claims or circumstances that are known prior to the period of insurance
  • Acts of fraud and dishonesty
  • Accidental injury and property damage

Public Liability

Public Liability insurance is a no-brainer when it comes to offering consultancy services. When you are dealing with clients on a regular basis, whether at your office or theirs, you will be exposed to many potential mishaps – something as simple as accidentally spilling coffee all through a clients laptop could end up costing you a couple of thousand dollars.

Public Liability insurance will protect you from any financial losses which may arise from a claim of third party property damage or accidental injury (not covered by the ACC) to save you from having to pay from your own hip-pocket.

What is covered?

Typically, Public Liability policies will cover costs and compensation relating to:

  • Repairing or replacing damaged property
  • Third-party personal injury or death where the ACC does not provide cover
  • Your legal defence

What is not covered?

While Public Liability insurance can provide you with important peace of mind, it is still important to ensure that your business is operating in accordance with the law and the professional standards of your industry.

Public Liability insurance typically will not cover:

  • Injuries to your employees or yourself
  • Damage to your own property
  • Compensation for personal injury that is covered by the ACC

Protect your business today.

Business Insurance

Your clients are your bread and butter, but where would you be without your business assets? Business Insurance allows you to select the types of coverage that best suit your business, like contents, to protect against fire, earthquake, theft, vandalism and accidental damage.

Cyber Liability

Chances are you store valuable and sensitive client information online, which you need to protect. In today’s digitalised world, cybercrime and data breaches are common. Sensitive data can be compromised, resulting in very expensive costs, not to mention the potential irreparable damage it can cause to your business’ reputation.

Cyber Liability insurance is designed to protect your business against the costs and legal expenses if your network is hacked and if sensitive client information is stolen.

What is covered?
Consultants can expect most Cyber Liability insurance policies to cover costs relating to:

  • Investigation of an event and data recovery
  • Business interruptions
  • Fines and penalties
  • Extortion payments
  • PR and crisis management for your consultancy

How much does insurance for consultants cost?

Like many consultants, you probably want to know exactly how much it will cost to insure your consultancy business. Insurers take many factors into consideration when they calculate your premium. Because every consultancy is different, the amount you will pay for insurance will likely differ from other small business owners, even other consultants.

Insurers may consider these and other factors when determining how much your insurance premium will be:

  • Your industry and the nature of your business
  • The size and annual turnover of your business
  • The number of employees being covered and their qualifications
  • Your past history of insurance claims
  • The amount of cover you are seeking

A good way to understand how much you can expect to pay for consultants insurance is to compare quotes from multiple insurers. Contact BizCover to receive instant quotes for consultants insurance today.

* This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. 

© 2022 BizCover Pty Limited, all rights reserved.
ABN 68 127 707 975; AFSL 501769

BizCover Limited is owned by BizCover Pty Ltd (ABN 68 127 707 975)

Need Help?

Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. 

You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents. 

 

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