Help with legal defence with security consultant professional insurance

June 17, 2009 · Filed Under Security consultant professional insurance · Comment 

Making recommendations on alarm systems, camera networks and even running teams of on-site staff can all often fall under the remit of a hired security consultant, and as such the role can involve a considerable amount of responsibility to the client. Whether operating as a freelance or running an agency with a number of employees, a security consultant can be at risk if something happens to go wrong. Clients can not only ask for their money back but also take legal action in certain circumstances, which is why many professionals rely on security consultant professional insurance.

Professional cover does not always only refer to the chances of theft and fire, but is often available for protection against legal pitfalls too. Security consultant professional insurance can include public liability insurance and professional indemnity cover, designed to provide payouts in the event of some of the more common law-related disputes.

Protection like this can be important because defending a legal case can be time consuming and expensive. Defending a formal application for compensation typically involves hiring a legal team, and can even involve a large payout order by a court at the end of the case. Security consultant professional insurance with indemnity cover would pay a firm’s or individual’s legal expenses up to a certain limits, and even the cost of compensation, again up to the policy limit.

Normally a policy like this will payout in the event someone is accused of making an omission, error, or committing an act of negligence in their day-to-day job. For example, a security consultant might be asked to recommend and fit an alarm system for a retail centre. Should the system later fail and allow an undetected break in, the company running the centre could decide to recover the costs of any damage or loss of stock through legal action against the consultant.

Indemnity cover would pay for the legal defence and compensation up to its agreed limit, and the ceiling to a policy is agreed when it is taken out. For example, a company with many large clients and a considerable turnover might want protection for millions of pounds in damages and legal bills, while a smaller firm may want hundreds of thousands of pounds’ worth of protection.

Common extras for security consultant professional insurance include runoff cover, which can protect a company which is changing insurers or winding down the business, as a firm or person is not immune to legal action just because they have stopped trading. Run off cover, on the other hand will protect somebody for a specified period after they have wound down a firm.

Training consultant professional insurance can protect you from legal traps

June 10, 2009 · Filed Under Security consultant professional insurance · Comment 

Specialist advisers like training consultants are often highly valued by their clients and can provide a big boost to businesses. Passing on skills and techniques can help drive a company forward in difficult times, which is why outside and specialist advice can be a popular with local authorities and private firms alike. However, anybody providing a professional service on a consultancy basis could be at risk of legal pitfalls, which is why training consultant professional insurance exists.

Although many training consultants might not necessarily need to have a form of legal protection in place by law or regulation, as the likes of solicitors, accountants, and architects do, many professionals choose to take it out as a precaution.

Training consultant professional insurance often includes things like public liability cover or professional Indemnity Insurance. Professional indemnity protects you against claims made by clients that you have lost them money due to mistakes or negligence or omissions. It covers the cost of compensation and legal bills which will be run up by formally defending such a case.

Insurance like this has become more relevant in recent years because businesses and individuals are increasingly aware of their legal rights if they feel they have been wronged. While not every claim is valid and may be dismissed, some people seek to take legal action quickly and if they feel they have lost even a small amount of profit due to a mistake.

Of course it can often be that disputes and compensation are have a gauche a tiered out of court and before the argument even gets to the point where legal advice needs to be handled. But depending on the training consultant and the level of their business, they may feel that a is best to have a level of insurance in place.

Legal wrangles can drag on for months or even years and run up solicitor’s fees in the thousands or even hundreds of thousands. Worse still, depending on the size of the contract in dispute and any compensation, a defender may have to pay a claimant millions of pounds if the court feels this is just.

Training consultant professional insurance also protects against some other lore related problems which can befall businesses. This includes protection for allegations of unintentional breach of confidentiality or copyright. Also protect it will be claims that you or an employee of yours has acted dishonestly and perhaps defrauding a client.

Training consultant professional insurance also comes at different levels, as insurers don’t pay out indefinitely by up to a set policy limit. This can be hundreds of thousands or even millions depending on the company or individual, and premiums are priced accordingly so is possible to get something which fits your business’s needs and resources.

The law related benefits of security consultant professional insurance

March 17, 2009 · Filed Under Security consultant professional insurance · Comment 

Whether you are working on making sure a company has all the right internet security in place, or making sure that a business premises is watertight, the role of a security consultant carries a vast amount of responsibility. You may be responsible not just for property but people, meaning mistakes can be costly. While it makes no sense to constantly assume that something is going to go wrong, accidents do happen and in certain sectors can be more costly than in others. Security consultant professional insurance provides a valuable safety net for a business, in that it will help out with legal claims if one ever were to arise following a mix up.

Professional insurance which has an indemnity element with it will ensure some other common headaches associated with compensation and legal action are not any more hassle than they need to be. Of course, an insurance policy cannot make a problem go away, but it can be the difference between financial struggle and your firm running virtually as normal. Indemnity cover will pay your legal bills after you have been accused of a mistake, omission, or act of negligence or even that you have breached someone’s copyright or confidence unintentionally.

For example, should a mistake in an installation mean there is a loophole in a security system which is then exploited, the client could seek to take action for any profit they have lost as a result of fixing the problem afterwards and any theft. Security consultant professional insurance with indemnity cover would pay your legal bills in defending this action, and will even stump up the cost of any compensation which happens be awarded to the complainant.

This type of insurance does not need to be overly expensive either as policies can be tailored towards an individual security consultancy’s needs. Larger companies will need a ceiling on their policy which might go into hundreds of thousands of pounds or more for example, while a smaller company may want a policy limit which is much smaller, with the premium being priced accordingly.

You can even agree an excess as with many forms of insurance, and security consultant professional insurance may even be geared to protect you against any claims which arrive in future which date back so far that they relate to something which happened before you even bought the policy. This is known as retroactive cover.

Why you may need security consultant professional insurance

December 7, 2008 · Filed Under Security consultant professional insurance · Comment 

Private security firms provide more than just physical protection for their clients’ businesses – they also provide peace of mind. From setting up an alarm system to using patrols, a security firm often has to undertake an extremely wide variety of duties and responsibilities. Anyone who works in the business will know that acting as an efficient deterrent is normally enough to make sure that the job gets done. But sometimes things go wrong, and if the security firm makes a mistake clients can lose property and or money. This can sometimes mean a legal claim is lodged as the company seeks compensation. Security consultant professional insurance aims to provide the company with its own form of protection which could prove crucial in the right circumstances.

Although it might sound a complex and detailed piece of administration, security consultant professional insurance is straightforward to arrange and usually covers a set of simple circumstances. A policy will normally include professional indemnity insurance which provides cover for any legal bills which result from a legal claim if the customer decides they are unhappy or that a mistake has been made.

Sometimes known simply as PII, indemnity cover is designed to pay solicitor’s fees which result from having to defend legal action following a negligent act, mistake, or omission. Although the vast majority of the company’s employees might be reliable most of the time, human nature means slip ups can happen. Some firms could seek financial redress and that means a legal claim which will have to be defended. Once a successful claim is made, professional indemnity insurance will pay the legal bills up to certain limits, taking some of the pressure off the policy holder.

Straightforward mistakes on the job are not the only risk. And this means a security consultant professional insurance policy will usually cover things like accusations of breach of confidentiality or copyright. Other common extras include protection for any allegations of defamation and, importantly for security firms, public liability insurance in many cases. Premiums can be tailored for most budgets as different levels of cover and even excesses are available, just like any other insurance product.