Leo compares the UK market and shows you PI policies side by side for media consultants. £500K cover, instant activation.
Professional indemnity insurance protects you and your business against the costs of claims made by clients who have suffered loss due to your professional advice or work. For media consultants, this is particularly important as a single mistake or oversight can result in significant financial liability.
The main risks media consultants face include: defamation claims, copyright infringement, campaign failures
Regulatory requirement: No mandatory requirement, but recommended for media consultants.
The amount of professional indemnity insurance cover you need depends on the size of your business, the types of clients you work with, and the potential value of claims. Most media consultants opt for cover between £500,000 and £2 million.
The right level of cover depends on the size of your projects, your annual revenue, and any contractual requirements from your clients. Leo's comparison tool can help you explore different cover levels and see how they affect your premium.
The cost of professional indemnity insurance for media consultants varies depending on:
As a guide, media consultants typically pay from £10 per month for professional indemnity insurance.
Compare PI insurance in 60 secondsYour media buying or planning advice results in inefficient spend or poor media mix, failing to achieve promised reach or engagement objectives.
Your content recommendations include material that proves defamatory, infringing, or otherwise legally problematic, exposing your client to legal claims.
You fail to account for audience demographics, media trends, or channel performance in your planning, resulting in ineffective campaigns.
Your media strategy damages your client's brand through association with unsuitable publishers or content, causing reputational harm.
Professional indemnity insurance for Media Consultant typically covers:
Media consultants should hold professional indemnity insurance, particularly those managing significant media budgets or planning major campaigns. Cover of £500K-£1M is appropriate for most media consultancies. Your policy should cover media strategy, planning, and buying advice. If you provide content recommendations or editorial guidance, ensure your policy covers defamation and intellectual property claims. Consultants managing high-value campaigns should consider enhanced cover.
Approximately 12% of media consultancies have faced a professional indemnity claim. The average claim is valued at £48,000. Campaign ineffectiveness accounts for 42% of claims, whilst defamation or IP issues represent 28% of claims. Brand damage from media placement accounts for 18% of claims.