Leo compares the UK market and shows you PI policies side by side for pr 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 pr consultants, this is particularly important as a single mistake or oversight can result in significant financial liability.
The main risks pr consultants face include: defamation, crisis mismanagement, media placement failures
Regulatory requirement: CIPR strongly recommends all practising PR consultants to hold professional indemnity insurance.
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 pr 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 pr consultants varies depending on:
As a guide, pr consultants typically pay from £10 per month for professional indemnity insurance.
Compare PI insurance in 60 secondsYour PR campaign or media strategy damages your client's reputation through poor messaging, inappropriate media placement, or unforeseen negative publicity.
You provide reputational advice that proves ineffective, failing to mitigate negative publicity or rebuild reputation as promised.
Your media relations advice causes a breach with key stakeholders, journalists, or publications, damaging your client's standing or media access.
Your communications strategy inadvertently breaches regulations or legal obligations, exposing your client to legal claims or regulatory action.
Professional indemnity insurance for Pr Consultant typically covers:
PR consultants should hold professional indemnity insurance, particularly those managing significant reputational issues or campaigns. Cover of £500K-£1M is appropriate for most PR consultancies, depending on client scale and campaign complexity. Your policy should cover PR strategy, media relations, and crisis management. If you provide communications advice affecting legal or regulatory obligations, ensure adequate cover. CIPR membership recommends professional indemnity insurance.
Approximately 14% of PR consultancies have faced a professional indemnity claim. The average claim is valued at £55,000. Campaign strategy failures account for 38% of claims, whilst media relations failures represent 32% of claims. Breach of confidentiality accounts for 18% of claims.