What types of Professional businesses can be protected?
From aspiring entrepreneurs to thriving businesses in professional services, get coverage for a variety of ventures.
Account executive, Accountant, Accounts administrator, Architect, Auditor, Barrister, Bookmaker, Business coach, Business consultant, Data analyst, Finance administrator, Fire proofing consultant, Food safety consultant, Health & safety consultant, Heating consultant, Investment consultant, Lawyer, Locksmith, Private investigator....
Why choose Lukango?
We make insurance easy to understand
Affordable insurance through Markel Direct
Lukango has helped us protect what we are building here at Blackbeard Coffee and for the first time has taken the stress out of not knowing exactly what we need for our business. We can just focus on creating the perfect coffee for everyone.
Alex O’Meara, Director - Blackbeard Coffee
With Lukango, we finally have a game changer that truly understands and caters to the unique needs of small online business owners.
Lisa - Online retailerExplore the essential insurance coverage that could secure your professional services business success
In the dynamic world of professional services, your thriving business is not immune to risks and uncertainties. Whether you have a physical office or operate digitally, there are unique challenges that can impact your business operations and your bottom line.
Imagine this: your important documents and records go missing, jeopardising the reliability and credibility of your business. Even worse, a dissatisfied client files a substantial claim for damages, putting your project profits at risk.
Additionally, the ever-present threat of cyber-attacks looms, ready to compromise your sensitive data and disrupt your operations.
At Lukango, we get the complexities of the professional services industry. That's why we offer tailored insurance solutions to protect your business from these potential pitfalls. With our comprehensive coverage, you can enjoy peace of mind and focus on delivering exceptional services to your clients, knowing that your business is safeguarded.
Easy to understand insurance to cover your professional services business
When it comes to running a successful professional services business, there's more at stake than meets the eye. From protecting your valuable assets to covering liability claims, insurance provides essential protection for your business.
Imagine the devastation of a fire or accident damaging your office or workspace, leaving you with repair costs and disruption whilst you get things fixed. Or, in the unfortunate event of a client or visitor getting injured on your premises, you could face a hefty lawsuit that could have severe financial consequences.
Choose professional services insurance – to protect your business and ensure its continued success. With our comprehensive coverage, you can have peace of mind knowing that your business is safeguarded against unforeseen events and potential liabilities.
Here are a few of the things Lukango professional business cover could protect you from
- The public is injured by your product or from your business activities
- Your product stock is damaged or stolen
- Your employee is injured or gets ill through work
- You give inaccurate professional advice
- Your business is the victim of a cybercrime
To protect your business from these risks, it's essential to have comprehensive professional business insurance coverage. Find out more about insurance for your professional business insurance below, or click here to get a quote:
What insurance is available for my professional services business?
Explore a range of comprehensive coverage options tailored specifically for businesses like yours:
- Public Liability Insurance: Cover for accidental injury or property damage of a third party caused by your business activities.
- Product Liability Insurance: Cover if a product you sell or manufacture causes injury or damage.
- Employers’ Liability Insurance: If your business has employees, then this is a legal requirement to cover against claims made by employees for illness or injury caused by their work.
- Legal expenses: Cover for the cost of legal support needed after a claim is made against you. It could get you money for unexpected legal costs and access to legal advice and representation if you need it.
- Professional indemnity: Cover that is designed to cover legal costs and damages that arise from that claim because of professional mistakes or errors made. If you give professional advice as part of what you do, this one should be considered.
- Cyber & data risks: Insurance that gives you cover against data breaches or malicious cyber hacks that affect either your tech systems or business. Think hacks, phishing, and cyber attacks.
- Directors & Officers Insurance: Cover that protects the individuals who have jobs as directors, partners or managing directors of your business. This covers them from personal financial losses if they are sued for wrongful acts.
Frequently asked questions about professionals insurance
- What types of insurance should I consider for my professional services business in the UK?
It's highly recommended that you consider professional liability insurance, professional indemnity insurance, and cyber & risks cover. Depending on your specific industry and business needs, you could benefit from additional types of insurance coverage.
- What does professional indemnity insurance cover?
Professional indemnity insurance could provide protection for your business against claims of professional negligence, misrepresentation, and other errors or omissions that may result in financial loss for a third party.
- What types of business is classed as professional?
In the UK, professional services businesses are defined as those that offer expertise and knowledge to customers. These businesses cut across industries including legal firms, accounting companies, engineering firms, marketing agencies and IT consultancies.
- What is cyber & risks insurance cover, and do I need it?
Cyber & Risks insurance covers expenses related to data breaches, pesky cyber-attacks, and other cyber threats. This type of insurance could support any business that collects and stores sensitive data electronically, including account information, credit card numbers, and personal identifying information.
- How much does professional services insurance cost in the UK?
The cost of insurance coverage will depend on various factors, including the type of coverage, the level of protection required, the size of your business, your industry, and your business location. It's recommended that you speak with an insurance provider to receive a personalised quote for your professional services business.
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