A client complaint or misguided HR project could lead to a disastrous legal battle. Protect your business with insurance coverage tailored for the unique risks of human resource consulting.
These insurance policies cover common risks of human resources consulting.
This type of insurance covers basic HR consultant risks, such as client property damage and bodily injury. Bundle with property insurance for savings in a business owner’s policy.
This policy, also called errors and omissions insurance, can help cover legal expenses if an HR consultant is sued for a mistake or accused of professional negligence.
Workers’ compensation insurance is required in almost every state for HR consulting firms that have employees. It can cover medical bills for work-related injuries.
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 HR consultants survive data breaches and cyberattacks by paying for the cost of notifying affected clients, legal expenses, and other related costs.
Whether recruiting talent or implementing new policies, HR consultants are in demand as companies across the spectrum seek help in improving employee relations and company culture. But more clients also means more risk for your business. Small business insurance tailored for human resources consultants protects against losses and expenses from injuries, mistakes that lead to financial loss, and other risks.