Professional indemnity insurance for Mediation Consultants
Mediation Consultants are responsible for mediating settlements between two or more opposing parties generally as part of the legal process.
Why do Mediation Consultants require Professional Indemnity Insurance?
Most of the work done by Meditation Consultants is based on guidance and advice including:
- Reviewing legal documents and testimonies
- Providing advice and feedback throughout the mediation process
- Reviewing any written agreements that are prepared in mediation
- Creating a cooperative environment for disputants to explain their positions
- Preparing summaries of outcomes of mediation procedures
Any false advice or errors in performing their duties could lead to a lawsuit and claim by one or more of the parties involved in Mediation proceedings against the Mediation Consultant. Professional Indemnity insurance provides essential financial protection for Mediation Consultants by covering legal defense costs and damages payable in the event of a claim.
Public Liability Insurance for Mediation Consultants
If you or any of your employees visit a customers premises your actions could cause an injury to another person. Similarly, if an accident happens whilst a member of the public comes to your place of business and they are injured you could be held liable. Public Liability Insurance protects you in the event that such accidents occur and a claim is subsequently made against you.
Public liability insurance also covers you if damage is caused to third party property while at the customers business. An example would be if an employee broke a valuable item while making a delivery at a customer's home. The claim to replace the item would be covered by public liability insurance.
Key exposure for Mediation Consultants:
- Providing wrong information and advice.
- Breaching privacy and confidentiality rules/laws.
- Giving legal advice not authorized to provide
- Bias towards one party
- Acting outside authority or the limits set for the jurisdiction in which they are mediating in.
Why purchase your Professional Indemnity Insurance through Express Insurance?
With Express Insurance, you can source a PI quote in seconds, and have the option of adding Public Liability Insurance. You can then proceed to buy the insurance and produce your Certificate of Insurance in minutes, or alternatively save the quote back to your email account for buying later.
And we save your details on Renewal of your insurance, making the process of renewing your PI Insurance even easier and quicker.
Throughout your experience with us our team of highly experienced PI specialists are a phone call away !
Please Note: Coverage under the policy will be subject to the particular circumstances relating to a claim and the full terms and conditions of the policy.