If your advice precedes a decline in performance, it could be disastrous for your small business. Insurance policies for management consultants provide financial protection against lawsuits, injuries, and other risks.
These policies cover the common risks of management consulting services.
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.
It’s easy to get insurance coverage and fidelity bonds as a management consultant or small consulting firm if you have your business information on hand. Our insurance application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed agents work with top-rated U.S. insurers to find coverage that fits your consulting business, whether you work independently or hire employees.