Protecting your education consultancy from A to Z

September 12, 2014

With back-to-school in full swing, education consultants may want to consider protecting their businesses with professional liability insurance.

As an Education Consultant the work activities you’re engaged in might include assessing student needs, recommending career options, establishing guidelines for educational programs, training educators, evaluating courses for use in schools, leading workshops and attending  conferences – or maybe all of the above!  It’s clear that you've got a lot on your mind as you go about ensuring your clients and students get the very best in educational services.  In the hubbub of your daily activities make sure your business is getting the very best in protection from possible errors with professional liability insurance. By its very nature your work product is advisory in nature.  Clients can take your recommendations or not. If they do, but aren't happy with the results, they could potentially blame you, contest your advice and hold you liable for less-than-positive results.  Professional liability insurance coverage helps make sure you have knowledgeable legal representation and a financial safety net if this happens and you’re pulled into a work-related lawsuit.

Professional liability insurance – also known as errors and omissions insurance or E&O – can provide coverage for independent education contractors and consultants.  It’s not too different from the types of coverage other professional service providers carry, such as architects and therapists.  Anyone can make a mistake, including you, and it’s important to be protected. Also consider: A dissatisfied client can claim negligence, and whether it’s real or unfounded, you might have to defend your business and pay real money for legal representation. With the inherent advice-based nature of your work, you may be more exposed to potential lawsuits than those in other professions.  Consider obtaining professional liability insurance to protect your education consulting business from actual or unfounded claims of negligent acts, errors or omissions committed while providing your special version of consultancy services.