Free fact finder · United Kingdom
Management consultants' insurance fact find
Every question the business and management consultants' professional indemnity forms ask, asked once in plain English. Your client's answers fill each insurer's form and start your demands and needs statement.
- No login needed
- Fillable PDF with your logo
- 88 questions
- Written for UK rules
What it asks
The questions underwriters ask, in plain English.
Each one comes with a line saying why it's asked, so your client answers fully the first time.
- 1Which services does the firm provide? Tick all that apply.Each service carries a different risk. Financial, M&A and technology advice cost the most to insure.
- 2What were the firm's gross fees for the last completed financial year?Fee income is the main measure insurers use to price professional indemnity.
- 3Do your consultants make day-to-day management decisions for clients without referring them to the client?Making decisions, rather than recommending them, makes the firm answerable for the outcome.
- 4Does the firm work for clients in nuclear, chemical, aviation or power generation, other safety-critical operations, or financial trading platforms?A mistake in a safety-critical or trading setting can cause very large losses.
- 5Do they promise no more than reasonable care and skill (no guarantee of results)?Promising a result, rather than care and skill, takes on liability most policies do not cover.
- 6Does the firm ever sign hold harmless agreements, or give up its right to recover losses from subcontractors or others?Giving up those rights can stop your insurer recovering a claim from the party at fault.
- 7Is anyone in the firm aware of a mistake, complaint or situation that could lead to a claim?Anything known before cover starts is excluded unless declared now.
The firm
Entity, people, professional bodies, licences and connected businesses.
Services
Tick the services, then the share of fees for each: strategy, change, process, HR, finance, M&A, technology and more.
Clients and higher-risk work
Decisions you take for clients, interim roles, advice in regulated areas and contracts you sign for clients.
Contracts and risk management
Engagement terms, liability caps, consequential loss, variations, hold harmless agreements, money controls and cyber.
Claims, insurance and needs
Past claims and circumstances, current cover and retroactive date, the limit wanted and why.
How it works
- 1
Open it and try it
Answer it on the page as your client would. Follow-up questions appear as you go. Nothing is saved.
No login
- 2
Send it, or download the PDF
Send your client a link to answer by form or chat, with reminders sent for you. Or download a fillable PDF with your logo.
PDF free, no email
- 3
Fill the insurers' forms
When your client answers, one click starts each insurer's form with their answers in, and drafts the demands and needs for you to finish.
Free 14-day trial
Minimum cover
What sets the limit
We know of no regulator that sets a minimum professional indemnity limit for management consultants in the UK. Check any licence or membership the business holds.
- Client contracts and tenders
- The limit is usually set by client contracts, framework agreements and public sector tenders.
A summary, not advice. Check each client contract for the limit it asks for before choosing one.
Free tool or a free trial
The fact finder is free. A trial does the forms.
Free, no login
Everything you need to use it.
- The whole fact finder, answered as your client would
- How much of each insurer's form it fills
- Fillable PDF with your firm's logo
With a 14-day free trial
Your client answers once. No card needed.
- Send it as a link: answered by form or chat, with reminders
- Upload a PDF your client filled in and the answers are read in
- Start each insurer's form with your client's answers in
- A first draft of the demands and needs statement
- Next year, your client only confirms what changed
Before you ask
Questions about the management consultants fact finder.
- Is the management consultants' fact find really free?
- Yes. Answer it on the page as your client would, and download it as a fillable PDF with your logo, with no login and no email. Sending it to a client as a link comes with a free 14-day trial.
- How does it fill the insurers' forms?
- Each question is linked to the same question on the management consultants' forms in the Coverbound Form Library. Starting an insurer's form puts your client's answers in, and they confirm them instead of typing them again. The rest of each form, mostly tables of names, contracts and past claims, they answer there.
- Which insurers' forms does it fill?
- Business and management consultants' and specialist consultants' professional indemnity forms from Tokio Marine HCC and Arch. The page shows how much of each one it fills.
- Can my client fill in the PDF instead of answering online?
- Yes. It's a real fillable PDF they can type into in any PDF reader. When they send it back, upload it to your account and the answers are read straight in.
- Does it help with the demands and needs statement?
- Yes. ICOBS 5.2 asks you to set out a customer's demands and needs from information they gave you. Once your client has answered, Coverbound drafts the statement from their answers for you to finish. It recommends nothing: that part is yours.
Ask once. Fill every form.
Open the fact finder, try it as your client and download the fillable PDF. No login needed.
Open the fact finder