Business Insurance for HR Consultants

A general liability policy covers basic third-party risks, such as a client who trips and suffers an injury in your office. It’s often required for a commercial lease.

This insurance covers legal expenses if an HR consultant is sued for a mistake or oversight, such as failure to comply with employment regulations. It’s also called errors and omissions insurance (E&O).

State laws require workers’ comp for HR 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 coverage 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 human resource professionals survive data breaches and cyberattacks. It’s strongly recommended for any business that handles Social Security numbers or other sensitive data.