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Kevin is a consultant who works for himself and is predominantly based at home, except for when he visits clients. He has recently taken on a role advising a client about the feasibility of building a new railway station in a village. Which of the following insurances would be vital for Kevin to take out?
Suggested Answer: D
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As a consultant he will need Professional Indemnity insurance. This insurance is for roles that include providing advice, designs and services. Insurances comes up a bit in the exam so revise this from p.96-100
4 comments · newest first
EL
Elvera
20 hours ago
I practiced a question similar to this, and I think public liability is definitely a must for anyone working on-site with clients.
MI
Mi
6 days ago
I feel like trade credit doesn't really apply here, but I could be wrong. It seems more relevant for businesses selling goods.
FE
Felix
11 days ago
I remember something about professional indemnity being crucial for consultants, especially if they give advice that could lead to financial loss.
EL
Elvis
16 days ago
I think public liability might be important since Kevin is advising on a construction project, but I'm not entirely sure.