Business Insurance for Consultants

This policy covers basic consulting business risks, such as customer property damage and injuries. Bundle with property insurance for savings in a business owner’s policy.

This policy is also called errors and omissions insurance, or E&O. It covers legal expenses if a client sues a consultant over unsatisfactory work, errors, or a disagreement.

Workers’ comp is required in almost every state for consulting firms that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

A business owner’s policy, or BOP, combines general liability insurance with commercial property insurance, typically at a lower rate than if the policies were purchased separately.

Fidelity bonds, also called employee dishonesty bonds, provide reimbursement if one of your employees steals from a client. They are often required by client contracts.

This policy helps consultants survive data breaches and cyberattacks by paying for the cost of notifying affected clients, legal expenses, and other related costs.