Any major or partner insurer willing to undertake the risk
PROFESSIONAL INDEMNITY For Management Consultants Operating in the USA & UK, Annual Turnover: €500,000 👉 Est. Cost: €2,400–€4,500 Down Payment Required €300
PROFESSIONAL INDEMNITY For Management Consultants Operating in the USA & UK, Annual Turnover: €500,000 👉 Est. Cost: €2,400–€4,500 Down Payment Required €300
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Professional Indemnity (PI) Insurance – Prospect Summary
🔍 Business Activities:
The insured provides consulting and advisory services to various sectors, including financial institutions, corporations, international organizations, startups, and governments. Key services include:
🔶 Transaction and contract management
🔶 Risk assessment, mitigation, and pricing
🔶 Public procurement and PPP bidding & contractual frameworks
🔶 Program and project development, management, and oversight
🔶 Cross-border contract negotiation and drafting (under client General Counsel or Management supervision)
🌍 Territorial Breakdown of Gross Revenue / Fees
| Territory | Amount |
|---|---|
| UK | £5,000 |
| USA | $75,000 |
| Europe | €350,000 |
Primary Service Focus:
🔶 Transaction Advisory (Cross-border)
🔶 Management Consultancy
🛡️ Insurance Coverage Options (12-month term, date to be agreed):
| Option | Limit of Indemnity | Territory Cover | Deductible – ROW | Deductible – USA/Canada | Premium (excl. fees) |
|---|---|---|---|---|---|
| 1A | €500,000 each & every loss / aggregate | Excl. USA/Canada | €25,000 | N/A | €2,400 |
| 1B | €500,000 each & every loss / aggregate | Incl. USA/Canada | €25,000 | €75,000 | €3,300 |
| 2A | €1,000,000 each & every loss / aggregate | Excl. USA/Canada | €25,000 | N/A | €3,500 |
| 2B | €1,000,000 each & every loss / aggregate | Incl. USA/Canada | €25,000 | €75,000 | €4,500 |
Key Endorsements & Exclusions:
✅ Endorsements:
🔶 Retroactive Date Endorsement
🔶 Professional Services Definition (see below)
🔶 Territorial Restriction Endorsement
🔶 Premium Payment Warranty
❌ Exclusions:
🔶 Investment Advice Exclusion
🔶 Money Laundering Exclusion
🔶 War & Terrorism Exclusion
🔶 Cyber Coverage Exclusion
🔶 USA & Canada Jurisdiction Endorsement (Option B only)
🔶 Economic Sanctions Exclusion
Definition of Professional Services (Covered):
"Management Consultancy Services" means:
🔶 Analyzing a third party’s management, operational, and marketing processes
🔶 Identifying and reporting issues arising from these processes
🔶 Recommending and implementing solutions
🔶 Concierge Services – Lifestyle Management (Subject to full policy wording and any specific limitations)
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