Insurance for HR consultants

As an HR consultant, your role is pivotal in steering organisations towards strategic growth and employee welfare.

However, even with your best intentions and guidance, unforeseen challenges may arise. That's when specialist business insurance can help protect you and your business against potential risks that can strain your financial health and reputation.

From professional indemnity coverage, safeguarding you against claims of negligence or flawed advice, to property and cyber protection, business insurance can offer peace of mind and protection against the worst-case scenario - whether it's an accusation of an incorrect strategy, a sudden data breach, or a mishap with your work equipment.

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What people are saying about our HealthCheck

Peter Quintana
Peter Quintana

Director, hgkc

The risk profile generated by the SenseRisk insurance HealthCheck is a simple and easy way to start exploring the insurances you might need for your business, and a great place to start the conversation with a SenseRisk Advisor.

Bayley HR
Emma Bayley

Bayley HR Associates

I found the HealthCheck Platform a great tool to use when looking to understand what risks my business my face and what insurances to consider, it was very informative.

As business owners we don’t always think of the bigger and wider picture of what is maybe required when setting up company/employer insurance.

Greg Dodimead
Greg Dodimead

Owner, Brand Affiniti

I thought the HealthCheck Platform was very helpful and it confirmed that I have the right level of cover in place with SenseRisk already; It also recommended others I may need in future.

The HealthCheck was user friendly and got me to consider scenarios of future growth within my business and the potential risks they could pose and the right level of cover to deal with those changes.

Rose Sellman-Leava
Rose Sellman-Leava

Director and Co-founder, Inclusive Futures CIC

Sense Risk and their HealthCheck platform have been incredibly useful to us and our new business. The platform breaks down everything you might want to think about when looking at insurance in a really simple way. As a new business owner, you have to wear so many hats, and so it’s helpful when you can pass something as important as insurance over to the experts! The Sense Risk team are then on hand to support the whole insurance process in a really friendly and jargon-free way. I literally wouldn’t do insurance any other way!

Professional indemnity insurance for HR consultants

The expert guidance provided by HR professionals can shape companies and influence the lives of their employees – so the stakes can be high. However, the complexities of employment law and human dynamics can sometimes lead to unforeseen errors or misinterpretations. That's where Professional indemnity insurance comes in.

Even with utmost diligence and highest of professional standards, mistakes can happen – such as an unintentionally incorrect piece of advice, a misunderstood employment contract, or a mishandled dismissal procedure. Such situations could not only lead to claims against you but might also mean a costly defence process, whether you consider yourself at fault or not.

Imagine a scenario where your well-intentioned advice results in an employee claiming unfair dismissal or a sensitive email is sent mistakenly to the wrong recipient. These could potentially turn into legal challenges that demand your time, money, and reputational integrity.

Professional indemnity insurance is more than just a policy - it's your ally, shouldering the cost of these unforeseen circumstances. It ensures that, as you continue to serve your clients with dedication and integrity, you're equally protected from potential professional pitfalls. In a field as crucial and nuanced as HR consultancy, carrying professional indemnity Insurance isn't just a wise move - it's a professional imperative.

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What other types of insurance do HR consultants need?

As the Human Resources sector is so varied and diverse, the exact type of cover your business might need will depend on a lot of factors – such as the type of services you provide and the advice you give, what equipment you use, where you meet your clients and how many employees you have.

Depending on your business activities and specific needs, you could benefit from the following types of insurance:

Public Liability insurance

This can offer cover for accidents you cause during your normal business activities that result in third-party property damage or injury.

This could be as simple as spilling coffee on a client’s laptop during a visit to their office, or a client tripping over wires and badly injuring themselves during a visit to your workplace.

If you regularly meet with clients or deal with members of the public for work, then you should consider a Public Liability insurance policy for peace of mind that your business is protected financially should an accident happen.

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Equipment insurance

Whether you just need a standard laptop to do your work, or more expensive computer equipment to kit out your entire office, it can be a good idea to make sure it’s all covered.

What would the impact be on your ability to work if your equipment was stolen or damaged? An equipment insurance policy can help you keep working with minimum disruption should the worst happen.

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Employers’ Liability insurance

If your HR consultancy has any employees, then you are legally required to have a minimum of £5 million Employers’ Liability insurance.

This can protect your business in case any member of staff suffers an injury or illness related to their work, and can provide cover for legal fees and compensation payouts.

For the purposes of Employers’ Liability insurance, a member of staff includes PAYE employees, directors, self-employed workers, labour-only workers, voluntary and temporary staff – anyone whose work you control.

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There are many other forms of insurance that your HR consulting business might want to consider, including:

Cyber Insurance

Protection in case your business is a victim of cybercrime and incurs losses such as forensic, legal and notification costs as well as ransomware payments and any loss of income that you may suffer.

Management Liability Insurance

Protecting your management team and the business for failing in their duties including legal defence for statutory breaches and other unintentional wrongful acts committed individually or by the company.

Intellectual Property Infringement insurance

This can cover costs if you have to defend a claim of IP theft (including patents, trade secrets, trademarks etc) or to pursue a claim if your IP has been stolen or infringed upon.

Business Interruption insurance

Protection for lost income or increased costs following damage to your business premises. This can include lost profits, wages, and increased trading costs following damage caused by specified events such as fire, flood or theft.

Legal Expenses insurance

Helping you manage the legal costs of certain business matters such as disputes with employees, customers or suppliers.

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Take our Risk HealthCheck