Because of an increase in government legislation and in general commercial awareness, risk has become big business and safety is also paramount. As a result health and safety experts and fire protection consultants are in increasing demand and can be of great service to companies confused about legislation and risk management. Many professionals operating in the industry will know what a precise and specialist job it is, and how getting it wrong can be extremely costly. This is why fire protection consultant professional insurance is something for anyone already in the business or thinking of taking up a career in it to consider.
A professional cover deal can be useful for consultants or agencies alike – basically any firm or individual who provides their advice on a freelance or consultancy-style basis. It typically includes professional indemnity cover up to a certain limit, and may also include public liability insurance.
Professional indemnity is geared towards paying your legal costs in the event you face a claim from someone like a client that you have made a mistake in the general conduct of your business. This can apply to simply leaving something out of a report or recommending the wrong materials for a job. Errors can cost companies a lot of money if they are fined due to not meeting regulations or if they suffer an incident like a fire which gets out of control, in which case they might try to blame the fire consultant.
Correct or incorrect, a formal legal case will have to be defended and this often means hiring legal help. Fire protection consultant professional insurance with indemnity insurance would pay for the cost of a legal defence and even the bill of any compensation which might be awarded to the fire consultant policyholder. Normally it covers against allegations that you have acted negligently or made an omission, and also includes protection in the event that you are accused of unintentionally breaching confidence or copyright.
Public liability insurance could be potentially useful to anyone like a fire consultant who may often operate in the public domain or hold premises regularly visited by members of the public. It guards against cases such as personal injury which can emerge if somebody has an accident on your premises or due to something you have done off site.
With different cover levels available, fire protection consultant professional insurance can involve a sliding scale of premiums and cover limits, meaning even small businesses will probably be able to afford a reasonable form of protection. With payout limits available up to millions, it can also protect larger businesses with considerable turnovers and client lists.
Any business can make mistakes at any time, from a minor errors to major slip-ups, but depending on your line of work an error can be more costly than it might be elsewhere. Fire protection consultants have a vast amount of responsibility to their clients, and are seen as experts in their field. Therefore if anything were ever to go wrong with an assessment or project, the customer may take legal action. This is why fire protection consultant professional insurance is something for any freelance or larger firms to consider.
If a firm or ends up not being within the health and safety rule book’s requirements or has a blaze which causes more damage than recommended measures should have allowed, the company may seek to recover their costs. While all the training in the world can ensure a fire protection consultant is well prepared and briefed, the occasional error could leave a client seriously in jeopardy. That is why some may not hesitate to take legal action and why you will need protection for legal fees in the event of a crisis. This is what professional insurance does, provided it has an element of indemnity cover.
This means the fire protection consultant professional insurance policy will pay out for your legal bills should you be accused of making an error, omission, or act of negligence in the general day to day conduct of your business. It also normally guard against the likes of unintentional defamation, allegations of breaches of copyright or confidence and even the loss or damage of a client’s data or documents.
Even if a client happens to be awarded compensation after a successful claim, the insurer will pay out for this, meaning the company is saved thousands of pounds worth of expenses in some circumstances. A consultant can often tailor the policy to fit their needs, as different firms require different policy limits. Insurance companies will not pay out for legal bills indefinitely, so you will need to select what is right for your business.
Remember that to qualify for a fire protection consultant professional insurance payout, any mistake must not have been malicious, although many a policy will pay out for the dishonesty of a consultancy’s employees, should they, for example, steal from a client.
Thanks to a growing mountain of health and safety regulation and requirements relating to business safety procedures, fire protection considerations have moved up the agenda when it comes to straightforward commercial administration. Many firms choose to get expert advice and play it safe by hiring a professional fire consultant to make their recommendations on how to better protect the business and its employees. Assessments are usually carried out and new equipment and procedures might need installing. Unfortunately, the higher greater amount of responsibility also means a greater amount of risk for the consultant, and this sometimes could create the need for fire protection consultant professional insurance.
Cover of this nature which includes indemnity insurance will provide the policyholder with a safety net if they end up facing a legal claim because of a mistake they have made in a recommendation or in the general course of their work. Say, for instance, that a company asks a consultant to recommend a new brand of fire safety door, which turns out to be faulty and fails in a blaze, the consultant in question may rightly or wrongly get the blame and face a solicitor’s letter leading to a bill for compensation.
Fire protection consultant professional insurance with indemnity cover will pay the costly legal bills involved in defending such a case. Occasionally, hearings can go on for long periods and be spread over many months if the case is particularly detailed. This means some legal bills can run into thousands or even hundreds of thousands of pounds – which is enough to cripple many businesses.
Professional insurance with indemnity cover therefore takes away these concerns, and will even pay up the compensation if it is awarded to a complainant. Although agreed limits will apply, this means it can in some cases save a business from serious financial trouble.
A policy will normally protect a consultant if they are also accused of breach of confidentiality or confidence. Should a consultant accidentally lose or damage a client’s important documents, any case which arises from this will also be covered. Some other traps like defamation will also normally be protected and insurers can also provide public liability cover, meaning the right fire protection consultant professional insurance policy can keep a business legally watertight.