Professional Indemnity Insurance For Management Consultants

You should review it whenever your business model changes, you secure a major new client/contract size, or if there are significant shifts in the global regulatory landscape. Never wait for the renewal date alone.

No. PI covers financial Loss resulting from faulty advice or work product. Employee injuries are covered by separate policies, typically Workers' Compensation or standard Public Haftpflichtversicherung.

PI covers the business's mistakes (the advice itself). D&O covers the personal liability of the *directors* and *executives* against claims of wrongful corporate action or breach of fiduciary duty.