Skip to main content
  • Claims Center
  • Contact Us
  • Español
  • Brokers & Agents
Hiscox Insurance
Menu Toggle
  • Home
  • Small Business Insurance Toggle Menu Toggle Menu
  • Why Hiscox Toggle Menu Toggle Menu
  • Resources Toggle Menu Toggle Menu
  • Policy Management Toggle Menu Toggle Menu
  • Claims Center
  • Contact Us
  • Español
  • Brokers & Agents
  • About
  • Get a Quote Get a Quote
  • About
  • Get a Quote Get a Quote
  • Blog Home
    Start Your Business
    Grow Your Business
    Protect Your Business
    Celebrate Courage
    Search

    Twenty-Four Seven

    Sign up to get the latest small business news delivered right to your inbox.
    Close Close
    Protect Your Business
    November 19, 2012

    Your Business Reputation is Not Enough to Combat Unhappy Clients

    Insurance 101 | Professional Liability
    By: Hiscox Blog

    Share Image

    Embed Image

    Copy

    Share Article:

    Your client accuses you of causing their company’s financial loss last month. Are you protected with the right business insurance?

    A business consultant’s reputation is the basis of their business and a large part of how they gain new clients and retain existing ones.  However, even a sterling reputation is sometimes not enough to combat unhappy clients, whether or not they did anything wrong.

    A typical assignment for a business consultant might involve analyzing a company’s processes and providing advice on how to improve their bottom line.  But what if the consultant  helps implement a series of process improvements and then the client’s profits suddenly take a turn for the worse. It’s possible a client could allege the consultant’s  advice on the process improvement was not effective because the new way did not take into consideration all the available new technologies costing the company more than necessary in new equipment purchases.  The unsatisfied client could even threaten a lawsuit.

    This is where Professional Liability insurance can help. Even if the financial loss wasn’t actually due to the consultant’s advice, a professional liability policy could provide expert legal staff to support the consultants, cover  your legal fees, and compensate for time away from work due to the lawsuit.  In the event damages are awarded to the client, your Professional Liability policy would cover the costs of the settlement.

    An insurance professional can help you customize a professional liability policy that’s right for your business. Lawsuits are a common occurrence in today’s society, and the right policy can help ensure that business consultants are properly protected.


    Protect Your Business

    Protect the business you’ve worked so hard to build. Get a fast, free quote and your business could be covered today.

    Get a Quote
    Get a Quote
    Subscribe to our newsletter

    Related Articles

    4 Min Read
    Choosing the right business insurance for your small business

    How to choose the best insurance for my small business

    Insurance 101 | Management

    Do you have the right small business insurance coverage? Answer these six questions to find out.

    Read More

    4 Min Read
    Business continuity planning is essential for small businesses, learn the steps to create your plan

    Plan for the unexpected. How to make business continuity plans

    Management | Start up

    Don’t let your business become victim to obstacles beyond your control; learn how to create a business continuity plan – it’s essential to your business’ survival.

    Read More

    4 Min Read
    the impact the war in Ukraine has on small businesses

    The war in Ukraine – is there a risk to your business?

    Cyber | Management

    The war in Ukraine could pose a cyber risk to your small business that you haven’t considered. Read how you could be affected. 

    Read More


    We’re here to help.
    We provide tailored insurance for the specific risks you face, so you can take the right risks to grow your business.
    Get a Quote
    Get a Quote

    Footer menu 1

    • What We Cover
      • Business Insurance
      • General Liability Insurance
      • Professional Liability Insurance
      • Errors and Omissions
      • Cyber Security Insurance
      • Workers Compensation
      • Other Coverage
    • Who We Cover
      • Small Business Owners
      • LLC
      • Sole Proprietors
      • Entrepreneurs
      • Side Hustle
      • Contractors
      • Home Businesses
    • For Our Customers
      • Refer a Friend Program
      • Covid-19 Response
      • Claims Center
    • For Business Owners
      • Save with our Partners
    • About Hiscox
      • About Us
      • Careers
      • Contact Us
      • Hiscox Corporate
      • Investors
      • Foundation
      • Newsroom
      • We Stand Together
      • Affiliate Partner Program

    Footer menu 2

    • Accessibility
    • Site Map
    • Privacy Policy
    • Terms of Use
    • Legal Notices
    • Español

    Feefo Reviews: Hiscox rated 4.8/5 with 1,926 reviews between January 1, 2021 - January 1, 2022

    © 2022 Hiscox Inc. All rights reserved. Underwritten by Hiscox Insurance Company Inc., 30 N. LaSalle St., Suite 1760, Chicago, IL 60602. As of December 31, 2021, HICI had admitted assets of $1,250,758,353 and policyholders surplus of $332,792,666. Total liabilities were $917,965,687 (inclusive of $433,752,764 of loss reserves) and paid-up capital stock was $4,242,000.

    icon-facebook
    icon-youtube
    icon-twitter
    icon-linkedin