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.
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.