Whether you work in pharmaceuticals, the energy industry, or sports, it’s likely that your research directly impacts corporate decisions. That’s a big liability if something goes wrong. Insurance for research consultants can cover expenses if you’re sued over a data error, missed deadline, or an injury in your office. Some policies, like workers’ comp, are required by law.
Research consultants can save money on insurance by comparing quotes from top providers.
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These insurance policies cover common risks of research consulting.
This insurance covers court costs and other legal expenses if a research consultant is sued over the quality of their consulting services. It’s also called errors and omissions insurance (E&O).
A general liability policy covers basic third-party risks, such as a client who trips and suffers an injury in a research consultant’s office. It’s often required for a commercial lease.
A business owner’s policy, or BOP, is a cost-effective way for research consultants to buy general liability coverage and commercial property insurance together.
Most states require workers’ comp for research consulting businesses that have employees. It also protects sole proprietors from work-related medical bills that health insurance might deny.
This insurance coverage helps research consulting firms recover from data breaches and cyberattacks. It’s strongly recommended for any business that handles sensitive data.
Commercial auto insurance covers costs if a research consultant's vehicle is involved in an accident. Most states require this coverage for vehicles owned by a business.
A small business with a few consultants will pay less for insurance than a larger company.
Factors that affect premiums include:
It's easy to get research consultant business insurance and fidelity bonds if you have your company information on hand. Our application will ask for basic facts about your business, 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 insurance agents work with top-rated U.S. providers to find the right insurance coverage for your consulting firm, whether you work independently or hire employees.