Conclusion & References
Many marketing and management consults are self-employed, working as contractors with different clients. This allows you certain benefits, such as a flexible schedule, the ability to pick and choose the types of projects you want to tackle, and a relatively low business risk profile.
However, that doesn't mean your consulting business should do without insurance. Consultants face many of the same risks as other types of businesses. In particular, consultants should be sure to choose a solid Errors & Omissions policy to ward of the cost of professional liabilities. You can also mitigate your risks with safety and security strategies, good communication, and detailed client contracts.
AboveTheLaw.com, We the Plaintiffs
Entrepreneur.com, Doing Business As (DBA)
FEMA.gov, Protecting Your Business
National Association of Insurance Commissioners (NAIC), Map of NAIC States & Jurisdictions
National Safety Council (NSC), Slips, Trips, and Falls
Nolo.com, Chart: Statutes of Limitations in All 50 States
U.S. Bureau of Labor Statistics, Management Analysts
U.S. Census Bureau, Facts for Features
U.S. Chamber Institute for Legal Reform, Tort Liability Costs for Small Business
U.S. Small Business Administration (SBA);
WebMD.com, Health Care Reform: Health Insurance & Affordable Care Act