Business Insurance for Management Consultants

This insurance covers basic third-party risks, such as a client injury in your office, or accidental damage to a client's computer. Bundle it with commercial property insurance for savings in a BOP.

This liability insurance policy can help cover legal expenses if a business consultant is sued over an error or poor results. It's also called errors and omissions insurance or E&O.

Workers’ comp is required in almost every state for management 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 insurance coverage helps consulting companies survive data breaches and cyberattacks. It can pay for notification of affected clients, legal defense costs, and more.