Why health & safety consultant professional insurance can save a business big bills

March 6, 2009 · Filed Under Health & safety consultant professional insurance 

Although law-related protection might be more associated with businesses like medical practitioners and graphic artists, the right kind of cover can apply to anyone who offers advice on a professional basis. With health and safety now at the forefront of most business minds, a consultant in this sector has a considerable amount of responsibility on their shoulders when they take on a job. Therefore health & safety consultant professional insurance could be something to think about for lone freelances and specialist firms alike.

Professional insurance of this kind will normally involve some form of indemnity protection. This means it will pay out towards your legal costs should you ever be accused of making a mistake in the general conduct of your business. This may seem unlikely or improbable, but sometimes clients can wrongly accuse somebody of making an error, or a genuine slip up can occur which gets through the net with all the will and training in the world in place.

Of course, a potential mistake can be particularly harmful in the health and safety consultancy industry. Although someone might be quite prepared, one omission or error could lead to a company putting the wrong procedures in place, or simply making an incomplete set of precautions. They may then be in breach of the law, and face fines or prosecution. A health and safety consultant hired to help a company fulfil its duties may then be blamed and face a court case. This is never a pleasant prospect and can also be an expensive one depending on the circumstances.

Legal claims must be defended whether or not they are right or wrongly brought by a claimant, and this can be an expensive proposition. Professional indemnity insurance will cover a policyholder if they are accused of making a mistake, omission, or act of negligence in the day to day conduct of their work, potentially useful for all health and safety consultants.

Health & safety consultant professional insurance even covers the cost of compensation awarded to a successful claimant, meaning in the right circumstances it can save the financial future of a business. Smaller firms may not be able to bear the weight of a hefty solicitor bill, no matter how essential the legal protection was.

You can often even tailor the health & safety consultant professional insurance to your needs, arranging an excess as with other types of insurance policy. You’ll also need to agree a ceiling with your insurer, as a company will not pay out towards your legal costs after a claim indefinitely. So larger firms may want indemnity protection for hundreds of thousands of pounds, while an independent company run perhaps on a freelance basis may want a smaller ceiling. Note policies protect a range of eventualities too, from defamation to breach of copyright or confidence, and checking the small print can help you to ensure you have peace of mind against situations you may be particularly worried about.

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