If your recommendations cause a decline in the performance of a client’s organization, it could be disastrous for your business. Management consulting insurance protects your consultancy from lawsuits and other risks.
These policies provide coverage for common risks in management consulting.
This policy covers common management consultant risks, such as client injuries, property damage, and slander. Bundle with property insurance for savings in a BOP.
This policy, also called errors and omissions insurance, can help cover legal expenses if a management consultant is sued over an error or poor results.
Workers’ compensation insurance is required in almost every state for management consultant businesses that have employees. It can cover medical bills for work 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.
As a management consultant, your task is to improve a company's performance and efficiency. If a client blames your business for a decline, you could face a lawsuit. Management consultant insurance can cover lawsuits from dissatisfied clients, even if you're not at fault. It can also cover medical bills after an injury, the cost of replacing damaged or stolen business equipment, and other unforeseen expenses.