We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Insurance Services

It is now common practise for Management Consultants working on a contract basis in the UK to take out some form of business insurance. This will often be made up of a package of Professional Indemnity Insurance, Public Liability Insurance, Employers Liability Insurance and Directors & Officer’s Liability.

Warranty & Indemnity Ltd (W&I) are Authorised and Regulated by the Financial Conduct Authority (FCA), based in the City of London. W&I promotes the following insurance policies to be taken up by Managing Consultants operating in the contract market. W&I are specialists in providing liability insurance to contractors and members of Synatus.

Please note that Synatus are not an approved advisor on insurance, nor do they transact any insurance business of any kind.


To speak to W&I in further detail with regards to this insurance, please call +44 (0) 207 621 3747.


Professional Indemnity Insurance

Professional indemnity insurance provides you with protection against potential claims that may be brought against you by a client due to a problem with work you have done for them. 
A professional indemnity policy will offer cover for compensation you may need to pay to correct a mistake or cover any legal costs due to negligence, such as giving incorrect advice or making a mistake in your work.

You may need professional indemnity insurance if you:

  • Regularly give advice to your clients
  • Handle data belonging to a client or business
  • Are responsible for a client’s intellectual property
  • Provide a professional service and could be challenged on your work. You may feel confident in the quality of your work, but any small business is vulnerable to a claim of negligence when professional advice or services fail to meet a client’s expectations and cause financial loss.


Public Liability Insurance

Despite your best intentions, accidents do happen. If the accident is a result of something your business has done then a client, contractor, or member of the public can claim against your business for compensation. Your public liability can be triggered by something as simple as spilling a drink over a client’s computer, or a contractor slipping on a wet surface in your office incurring injury or damage.

Why have public liability insurance:

  • Even if you don’t have visitors to your office or home, you could still suffer a public liability claim against your business if you accidentally damage a client’s property in their office for example
  • Easy access to ‘no win no fee’ legal services which help individuals claim compensation may increase the likelihood of a business experiencing a public liability claim
  • Anyone working for you could trigger a public liability claim against your business if their actions at work injure a client or member of the public
    Many companies and organisations will also insist on their suppliers having public liability insurance cover in place.


Employers' liability insurance

As a small business you do your best to limit the possibility of injury or illness to your employees resulting from their work, but if they do have an accident or become ill, your business could be sued for compensation under your employers’ liability insurance. As a result, businesses in the UK that employ staff are legally obliged to have employers’ liability insurance to provide cover against a claim from an employee.

The law states most employers must have a minimum of GBP 5 million Employers' Liability Compulsory Insurance. However, you may not need it if you have no employees, are a family business and closely related to your staff, or a public organisation (for example, a government department or a health service body).

Businesses are also required to display your Employers’ Liability Insurance certificate at your workplace, so it is visible to all your employees. Since 1/10/2008 you are allowed to display your certificate electronically as long as all employees have reasonable access to it. After your policy has lapsed, you are strongly advised to maintain a complete record of Employers’ Liability Insurance cover.

Why have employers’ liability insurance:

  • In most cases if you have employees, employers’ liability insurance with cover of at least £5 million, is a legal requirement and you could be fined if you’re not covered
  • Easy access to ‘no win no fee’ legal services which help employees claim compensation may increase the likelihood of a business experiencing an employers’ liability claim if they suffer an accident or illness which they think has been caused as a direct result of their work
  • Your employers’ liability could be triggered even if the employee is a voluntary helper or is self employed but working under your supervision
  • The legal and compensation costs of defending your business against an employers’ liability claim could significantly damage your business.







To speak to Warranty & Indemnity in further detail with regards to these insurance policies and obtain a quotation, please call +44 (0) 207 621 3747.