HR consultants help all sorts of companies improve all sorts of things from hiring processes, policies and procedures, employment engagement, retention, compensation etc. They work with team managers, recruiters, HR departments and other senior leaders to solve human resources-related issues. As an HR consultant, you have a responsibility to provide accurate and professional advice. Since the world of HR is becoming increasingly complex, you could be sued by your clients if they believe you’ve made an error, omitted key information and/or provided bad advice.
That’s why it’s important to purchase comprehensive HR consultant insurance to protect your business against lawsuits. HR consultant insurance also protects you and your business against financial loss from unexpected events. With ALIGNED, you can get the HR consultant insurance package you need to keep you and your business covered.
Why is HR Consultant Insurance Important?
HR managers have increasingly complex responsibilities to recruit great talent, ensure retention, stay up to speed on constantly changing labour laws, best practices etc. and ensure human resources are always a key consideration in business planning, strategy and decision making. As a result, HR consultants face many liability risks when providing their services, which could result in costly lawsuits.
- A client claims you omitted key information during your duties.
- A client claims you didn’t provide the agreed-upon service level.
- A client is injured or suffers a financial loss because of the consulting advice you provide.
- A client claims cases of misconduct, errors, and negligence on your part while performing your service that resulted in the resignation of numerous key executives.
There are many other risks an HR consultant could face during their daily operations. Comprehensive HR consultant insurance from ALIGNED keeps your business protected.
What Does HR Consultant Insurance Include?
Commercial General Liability Insurance – also called CGL insurance, this provides coverage for injuries, bodily harm, and property damages occurring to a third party during your business operations. It can also cover claims of advertising injuries, such as libel, slander, and more.
Commercial Auto Insurance – covers medical, property damage, loss of income, disability benefits, and more if you are involved in a collision while traveling between client locations and driving your vehicle on business.
Commercial Property Insurance – protects your physical assets against damage in the event of a fire, vandalism, flood, or other natural accident beyond your control.
Professional Liability Insurance – if your mistakes cause clients to not get the results you promised or financial loss, there could be lawsuits. Professional liability insurance covers situations where your mistakes cause financial losses.
Cyber Liability Insurance – if you gather and analyze client data, provide services online or rely on online platforms to interact with clients in any way, cyber liability insurance is important to consider.
Find the Right HR Consultant Insurance from ALIGNED
ALIGNED works with 70+ of Canada’s top insurance companies to provide custom insurance packages at affordable prices. Click Here To Get A Quote or contact one of our business insurance experts for information or with any questions you may have.
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