Consultants offer a valuable professional service to their clients

Consultants have the difficult task of improving their clients’ businesses. Clients expect a lot from their consultant partners, and trust them with bringing success to their business. Marketing consultants are expected to build and guide a company’s public perception and reputation.

Management consultants organize a business to increase efficiency and productivity. Any mistake a consultant makes could hamper their clients’ growth or harm their image. Or the consultant could be blamed for something that isn’t their fault.

If severing ties with their consultant partners isn’t enough, a company could take it further and take legal action. It is in those circumstances that having the right kind of insurance is critical to the business of a consultant. The right insurance policy will protect a consultant from legal fees, court costs, and any settlement or judgement fees related to the charges.

Why do consultants need insurance?

As a consultant you are providing advice and council, and sometimes there is an error or omission in the work you perform leading to a lawsuit. A lawsuit, regardless of fault, can be costly to defend.

If you have an office or leased premises you are also exposed to the risk of slips and falls on site. If there is a fire, flood, burst pipe or other peril it can damage your office equipment, furnishings, and cause business to have a financial loss while including additional expenses to relocate while the damage is being fixed.

How is insurance priced for consultants?

The cost of your insurance as a consultant depends on many factors which are addressed in the application. These can include revenue, limits of insurance selected, deductible selected, size of your consulting business and claims history. See how much it costs in just a few minutes.

What types of risks does my small business face as a business consultant?

As a consultant you are providing advice and council, and sometimes there is an error or omission in the work you perform leading to a lawsuit. A lawsuit, regardless of fault, can be costly to defend.

If you have an office or leased premises you are also exposed to the risk of slips and falls on site. If there is a fire, flood, burst pipe or other peril it can damage your office equipment, furnishings, and cause business to have a financial loss while including additional expenses to relocate while the damage is being fixed.

What kinds of consultants need insurance?

Here is a list of every type of consultant we provide insurance coverage to. If you don’t see your specific consultant class in the list, get in touch with us, or select ‘other’ when filling out the application and we’ll be sure to get you the right kind of coverage.

Access Consultants | Acoustic Consultants | Business and Management Consultants | Business Analysts | Business Process Re-Engineering Consultants | Career Advisors | Change Management Consultants | Company Developers and Planners | Compliance Coordinators | Compliance Consultants | Conference Managers and Organizers | Document Preparers | Resume Consultants | Data Analysts | Education Consultants | Employment Consultants | Employee Benefit Consultants | Export Consultants | Feng Shui Consultant | Fundraising Consultants | Higher Education Consultants | Horticultural Consultants | Hotel and Catering Consultants | Human Resources Consultants | Image Consultants | Language Consultants | Life/Career/Executive Coaches | Logistics Consultants | Management Consultants | Management Training | Marketing and Advertising Consultant | Market Researcher | Occupational Health Consultant | Operations Consultant | Personnel Consultant | Public Relations Consultant | Research Consultant | Relocation Consultant | Sales/Marketing Consultant | Telecommunications Consultant | Tourism Consultant | Training Consultant | Transportation Consultant