Because of the nature of the job and some clients a firm will often deal with, the role of an immigration consultant can be high pressured and difficult. Agencies and individual freelancers might be commissioned to work for local authorities, big businesses, and even central government. They may be asked to make several recommendations on an individual, which a client may rely on to make a key decision. If anything ever goes wrong, there is always the chance that the consultant will be blamed for an error and face a claim for compensation. While disputes are not guaranteed to happen, many professionals choose to take out immigration consultant professional insurance as an extra safety net.
Professional cover means not just protection for your equipment and operating premises, it can also mean a policy which pays out if you are found to have failed in your general responsibility and end up on the wrong end of a legal claim. While many problems can be sorted out before they reach this stage, sometimes an error can lead to a client losing money and they may be minded to seek recompense through the court system.
Professional cover will normally include an element of indemnity insurance, which is a form of protection designed to pay your legal bills in the event you are sued. It has been associated with architects and private doctors, but it can apply to anyone who provides their advice as a professional service. For example, it is often taken out by health and safety consultants, translators, and graphic designers.
Generally immigration consultant professional insurance with an element of indemnity protection pays out in the event you make an error in your general day-to-day role. This can include accusations that you have accidentally breached someone’s confidentiality, lost someone’s important data or documents, or unintentionally infringed copyright. The claim against you does not have to be invalid for you to receive a pay out towards your legal costs, it will normally be unconditional, provided what your claim for fits within the policy wording.
Protection will also pay out for any compensation which is awarded against you, subject to the overall policy limit beyond which your insurance company will not pay any more towards legal fees or compensation. This limit is decided when you take out the policy and can often be selected at a level which is appropriate to your business and budget.
Immigration consultant professional insurance can be crucial because being on the wrong end of a legal claim can be not only distressing but also financially extremely difficult for some firms. An element of indemnity cover can help protect your business against spiralling legal costs following a significant legal claim, and in certain circumstances may even help it to keep going at a time when otherwise it would struggle with the mounting bills.
Although most people associate insurance with car cover and protection for their home, it does go beyond domestic needs. Many firms take out corporate insurance, but then again many people probably associate this with law-related or medical companies. But any business which provides advice on a consultancy basis may need this cover. A simple slip up these days can lead to legal action, meaning a company could end up being sued by a client. This is why immigration consultant professional insurance is a potentially vital tool for anyone offering this kind of service.
Many people see it as a straightforward money saver, as this type of cover, provided it includes indemnity insurance, will pay for your legal bills if you face an allegation you have made an error. In general terms it covers you if you’re accused of making a mistake, omission, or committing an act of negligence in your regular business. Of course, not every error is going to lead to a legal claim, but should a slip up lead to a client losing money they may seek to heal what is known as a financial injury through applying for compensation through the courts.
Immigration consultant professional insurance would pay for legal help to defend the case, and will even meet the cost of compensation if it happens to be awarded. Although some set limits will apply, the cover can therefore be vital for businesses which would have nothing to fall back on if they had to pay out to fight a legal case.
As with more common types of insurance you can agree an excess, an initial fee which you agree to pay yourself before the cover payments will actually kick in following a claim. You can often decide the excess yourself, which may help to control your premium. You can also decide on the limit of your cover, as it will not pay out indefinitely. While it is important not to end up under-insured, it is also important to get a policy limit and premium which is suited to your businesses resources and requirements.
Thankfully this type of professional insurance also includes protection for allegations of breaches of confidence or copyright. It will even payout if you have to defend a claim that an employee of yours has acted dishonestly and perhaps tried to defraud a client. Public liability insurance may also be included, and you can also get protection for allegations you have damaged or lost a client’s important data or documents.
Immigration consultant professional insurance can even be tailored to protect against historical claims which you did not know were going to arrive but which turn up after you bought a policy, relating to something which happened a long time ago. In the long run it could actually safeguard the financial future of your business, as the notoriously expensive world of legal defence is an essential but costly service.
The topic of immigration is rarely out of the news for various reasons. Therefore an immigration consultant’s job carries a higher profile than it might otherwise enjoy. Few people operating in the business will be ignorant of the amount of responsibility which lies on their shoulders when advising people on their rights to enter the UK. Many companies, quite legitimately, require foreign workers to enter legally to work for them. Ever tighter controls mean there is always a lot of paperwork and background research needed even to ensure someone who has a job gets into the country smoothly. This means more and more individuals and organisations turn to immigration consultants in order to get the right advice. Immigration consultant professional insurance is a product designed to help out if something happens to go wrong and the consultant faces a legal claim from one of their clients.
Even a straightforward administrative slip can mean someone’s application is turned down, and some companies or individuals may be minded to seek financial redress through the courts. A claim might be that they have suffered what is known as a financial injury – meaning they will be wanting compensation. Immigration consultant professional insurance which carries professional indemnity cover will pay any legal costs of defending such a claim and even any compensation which is awarded.
Although still relatively rare, if a court case of this nature engulfed some smaller firms they would find themselves struggling to survive. Immigration consultant professional insurance with indemnity cover is designed to take away this worry and give peace of mind to consultants so they can concentrate on running their business as normal.
Although excesses and limits apply, cover is available all the way up to an extremely expensive appearance at the high court, although not every business will need a level of cover which stretches to hundreds of thousands of pounds or more.
Typically, a policy will go beyond mere negligence or mistakes. It will also cover allegations of breach of copyright, breach of confidence and will even cover any potentially dishonest actions of an immigration firm’s employees, such as the theft of a client’s personal data.
Some consultants may be late in arranging cover or may choose to switch to a new insurer. In such circumstances backdated cover can be arranged which will still enable protection, even if a claim arrives which relates to a past event which may have taken place many months ago. What is known as ‘run off’ cover is also available, to protect a consultant for a period after they retire or change jobs – the legal risk can continue for a period even after someone stops trading.
Immigration consultant professional insurance policies big and small can at least provide a safety net and take away some of the worry of what would happen in the event a mistake leads to a serious legal challenge.